BE CAREFUL.
Economist Professor Michael Howard issued that caution yesterday to the trade union movement. He said industrial action could possibly cause the island’s economy to grind to a halt.
“Any attempts to shut down the Barbadian economy by aggressive trade unions would be regarded by right-thinking Barbadians as an irresponsible act which would make everyone in Barbados worse off,” Howard told the WEEKEND NATION.
He added: Although I have criticised the nine-month balanced budget policy of the Government and its decision not to go to the IMF [International Monetary Fund], Government’s policy of heavy taxation is really a substitute for massive layoffs in the public sector. Government’s dilemma is a direct result of the financial crisis of the Barbadian economy.” (TS)
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