Rachel Reeves says there is 'a cost to not settling' public sector pay.
To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Up Next An above-inflation pay rise may be on the horizon for public sector workers as Chancellor Rachel Reeves suggests a decision will soon be made. Independent pay review bodies have recommended a 5.5% pay rise for teachers and roughly 1.3million NHS workers, reports in The Times suggest. Inflation stands around 2%.
Shadow chancellor Jeremy Hunt claimed Labour are gearing up to declare tax rises Paul Johnson, director of the IFS think tank, said: ‘In terms of the cost, there isn’t a specific number that is budgeted for schools, it’s probably 1 or 2%, it’s certainly nothing like 5.5%, so we’d certainly be looking at at least an additional £1 billion on schools’ costs relative to what they’re currently expecting.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Rachel Reeves, Britain’s probable next chancellor, wants to change the countryHer memories, including of beating private schoolboys at chess, offer clues
Read more »
The UK’s First Female Chancellor Is Here, But Where Will Rachel Reeves Wee?Britain's got it's first ever female chancellor, but she'll have to build herself a new bathroom first. Read more on Grazia.
Read more »
Rachel Reeves appointed first ever female Chancellor as Starmer picks CabinetThe former Bank of England economist is the first woman to take control of the Treasury following Labour's general election landslide.
Read more »
Rachel Reeves is new Chancellor as Keir Starmer names CabinetLabour's deputy leader walked down the famous London street before being named by Sir Keir as Britain's new Deputy Prime Minister.
Read more »
Rachel Reeves is new Chancellor as Keir Starmer names CabinetLabour's deputy leader walked down the famous London street before being named by Sir Keir as Britain's new Deputy Prime Minister.
Read more »
Rachel Reeves is new Chancellor as Keir Starmer names CabinetLabour's deputy leader walked down the famous London street before being named by Sir Keir as Britain's new Deputy Prime Minister.
Read more »