Treasury Minister warns of up to £10bn cost if 5.5% public sector pay increase is approved.
Treasury Minister James Murray warns of a cost if no public sector pay deal is struck, amid reports of proposed 5.5% wage hikes costing billions. Murray emphasized the government's non-negotiable fiscal rules, but did not confirm whether the Chancellor would meet the proposed 5.5% increase. The Labour government could face a cost of up to £10bn if such a pay increase is approved for all public sector workers.
July 21, 2024
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