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Job prospects for younger workers are likely to be hit by Budget measures, Lord Wolfson tells the BBC.
It comes after customers complained of not being able to plan for price rises.
The World Bank predicts global economic growth of 2.7% this year amid concerns living standards will struggle to improve.
The former central banker for the UK and Canada pitched himself as a someone who can help a country navigate economic challenges.
The strike dates suspended are Sunday 19 January and Sunday 26th January.