Bumper rises of as much as 5.5 per cent for teachers and NHS staff could be signed off as early as this week - far beyond what departments have budgeted for.
Sir Keir Starmer risks stoking inflation if he hands millions of public sector workers inflation-busting pay hikes while increasing the minimum wage, economists warned yesterday.
Pictured: GPs from the British Medical Association protest on June 27They also said caving into militant trade union leaders may embolden them to ramp up their demands at the next round of pay talks. He said: 'Further increases in the minimum wage would be even more important for the Bank of England .'The question is how fast it does that. If you try to do that all in one year, that could delay Bank of England rate cuts.'
Chancellor Rachel Reeves hinted at the weekend that she could soon sign off inflation-busting pay rises for millions of public sector staff, warning that the alternative was a fresh wave of national strikes which would also cost taxpayers.
News IMF NHS Bank Of England Rachel Reeves Keir Starmer
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