Be wary of the zombie economy; business briefing.THE UK could have a "zombie A computer that has been covertly taken over in order to perform some nefarious task. It is estimated that millions of PCs around the world have been compromised and, under the control of a third party, routinely transmit messages unbeknownst to the user. economy" with a jobless recovery from the recession if public spending is cut to tackle the huge deficit, a union leader has warned. TUC TUC (in Britain and South Africa) Trades Union Congress TUC n abbr (BRIT) (= Trades Union Congress) → federación nacional de sindicatos TUC n abbr (Brit) (= general secretary Brendan Barber said taking the axe to public spending would have a "devastating" impact, increasing the risk of this country suffering a Japanese-style "lost decade". Mr Barber said recovery from the recession should be based on the construction of a low carbon economy and a fairer society that requires the super-rich to pay fair levels of tax. He also called for a high pay commission to be set up to study "unacceptable" rewards for executives as well as bonus schemes. |
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