incomes policy

American  

noun

1. a government policy to curb inflation that relies on voluntary compliance rather than on mandatory wage, price, or profit controls.

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incomes policy British  

noun

1. See prices and incomes policy

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Etymology

Origin of incomes policy

First recorded in 1955–60

Example Sentences

Angered by Heath's adoption of a prices and incomes policy - a clear breach of a manifesto promise - and his failure to curb union influence, Tebbit resigned from the government.

From BBC

With prices rising far faster than incomes, policy makers are concerned borrowers are taking on ever-larger amounts of debt, leaving them vulnerable to an economic downturn.

From Reuters

Over the weekend, at our party’s AGM, we launched an incomes policy which would create the most significant changes to New Zealand’s welfare system in a generation.

From The Guardian

In reality, untouched by middle-aged poetic melancholy or a national prices and incomes policy, I could at least look forward to a squint at someone's dog-eared copy of Lady Chatterley's Lover, and the Beatles' next LP.

From The Guardian

This despite the fact that they could not deliver their members to agreed policies, and the third year of an incomes policy had collapsed.

From The Guardian