WEDNESDAY, OCTOBER 7, 1992
MR
WE
THROUGH
THE
NEW EFFICIENCY
SHOULD, ENERGETICALLY TO ACHIEVE LEVELS OF EFFICIENCY IN WHICH MATCH THOSE IN THE PRIVATE SECTOR.
PATTEN SAID WHILE WE WERE CONSTRAINED IN FIGHT INFLATION, WE WERE CERTAINLY NOT POWERLESS.
UNIT, WORK
GOVERNMENT
OUR ABILITY ΤΟ
"OUR INFLATION, UNLIKE THAT IN MOST PARTS OF THE WORLD, IS PART OF THE PRICE WE ARE PAYING FOR SUBSTANTIAL GROWTH.
"THAT EXPLAINS INFLATION; IT DOES NOT EXCUSE IT."
THE GOVERNOR SAID HE SHARED THE COMMUNITY'S CONCERN ABOUT THREAT OF DOUBLE-DIGIT INFLATION.
THE
GOVERNMENT AND THE TOUGHER
"AND THE HARDER WE WORK TOGETHER, WITHIN THE OUTSIDE IT, TO MAKE SURE THAT OUR ECONOMY IS COMPETITIVE, WE SHALL BE ON INFLATION.
||
INCREASES
IN WAGES AND
AS ALWAYS, HE SAID, WE MUST KEEP SALARIES IN LINE WITH THE HIGHER PRODUCTIVITY THAT EFFICIENCY BROUGHT.
THERE MUST BE PROPER "BUT AS LONG AS WE HAVE INFLATION,
THE ELDERLY. PROTECTION FOR THOSE MOST VULNERABLE TO PRICE INCREASES. THE WIDOWED. THOSE UNABLE TO HOLD REGULAR JOBS THROUGH DISABILITY INFIRMITY.
OR
THEIR SAID.
"I WANT TO MAKE THIS PLAIN: WE SHALL NOT PERMIT THE SOCIAL SECURITY PAYMENTS TO BE GNAWED AWAY BY
VALUE OF
"
INFLATION,
HE
$300M INJECTION INTO SPECIAL RETRAINING FUND
THE GOVERNMENT PROPOSES TO MAKE AN IMMEDIATE INJECTION OF $300 MILLION INTO A SPECIAL RETRAINING FUND FOR WORKERS, OVER AND ABOVE THE FOR PERMISSION то IMPORT INCOME FROM THE LEVY PAID BY EMPLOYERS WORKERS.
THAT INJECTION, BY ITSELF, SHOULD BE ABLE TO RETRAIN MORE 15,000 WORKERS OVER THE NEXT TWO TO THREE YEARS: MORE THAN DOUBLE NUMBER ORIGINALLY PLANNED.·
THAN THE
THIS WAS STATED BY THE GOVERNOR, THE RT HON CHRISTOPHER PATTEN, IN HIS POLICY SPEECH IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
I HOPE EMPLOYERS WILL MAKE FULL USE OF THOSE WHO HAVE ACQUIRED NEW SKILLS THROUGH THIS PROGRAMME," HE SAID.
MR PATTEN SAID THE RELEVANT BILL FOR THE SPECIAL FUND WAS BEING EXAMINED BY THE LEGCO.
"WE ARE DETERMINED TO MAKE A SUCCESS OF THIS SCHEME,
HE SAID.
/"WE MUST