Friday, July 18, 2008

SCPC: Empowered Pay Panel Report Stuck?

A man fortunate enough to have work holds his monthly wages, equal to just over GBP80. His pay includes a travel allowance which, due to inflation, is now greater than the salary itself. The cost of living doubled as Zimbabwe's annual inflation reached 3,700%.
Zimbabwe: Secret Lives, Guardian UK

The pay commission has proposed that the recommendations should be implemented with effect from January 1, 2006, and this would entail a huge cost to the exchequer. Given the current trends, sources said, the implementation of recommendations is also expected to contribute to the rising inflation. “The best policy for the government is definitely to wait and watch what shape the current political developments take. Obviously, speedy implementation would depend on the very survival of the government,” they added. Click link below for full details:
Pay panel report stuck in political uncertainty

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