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Darling calls for pay restraint

Chancellor Alistair Darling says pay rises for people "from the boardroom to the shopfloor" need to be "consistent" with the 2% inflation target.

He told BBC One's Andrew Marr show the need to keep inflation under control "applies to each and every one of us".

He said above-inflation pay increases would be "extremely damaging".

Mr Darling said the UK economy was "far better equipped" than in the 1970s, 1980s and 1990s...

Europe split over oil price plan

European Union leaders have agreed to a 3-month study to find ways of cushioning the impact of soaring energy prices on the region's citizens...
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Women's low pay 'behind poverty'

Tackling the low pay of women is the key to ending child poverty in the UK, according to the TUC. A third of women in work earn less than ?100 a week...
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Nigeria 'shock' after oil attack

Oil production at an oil installation off the Nigerian coast remains halted because staff are suffering from shock after a militant attack, officials say...
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Vietnam to increase rice exports

Vietnam is to raise rice exports as it tries to maximise the benefits of rising global prices while, at the same time, guarantee domestic supplies...
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