Labour's fair pay agreement in social care could cost £4.2bn annually, with £9.9bn pay increase for workers, claimed Policy Exchange.
Labour's plan for a fair pay agreement in social care could cost taxpayers £4.2bn a year, according to a think tank. The Policy Exchange claims that if Labour follows Labour's plan, it could lead to a £9.9bn pay hike for social care workers. The costs would fall on the taxpayer, funded via local authorities. The think tank argues that Labour's policy could damage productivity growth and fuel inflation.
May 11, 2024
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