voluntary or statutory regulation of the level of increases in prices and incomes
incomes policy in American English
noun
a government policy to curb inflation that relies on voluntary compliance rather than on mandatory wage, price, or profit controls
Word origin
[1955–60]This word is first recorded in the period 1955–60. Other words that entered Englishat around the same time include: backgrounder, cassette, opioid, rite of passage, rollout
Examples of 'incomes policy' in a sentence
incomes policy
How long before we have a 1970s-style prices and incomes policy?
Times, Sunday Times (2015)
By the end of that year this forced him to use incomes policy and fatally undermined any attempt to reform the unions.
Times, Sunday Times (2012)
For incomes policy imposed on the trade union leadership obligations that they were not only unwilling but perhaps also unable to meet.