Millions of public sector workers expected to receive above-inflation pay rise after a decade of belt-tightening, with costs estimated up to 10bn and 5.5% suggested increase for NHS and teaching staff.
Rising wages aim to address declining salaries, staff shortages, and prevent industrial action underlining the economic necessity despite challenging fiscal circumstances and unallocated budget within current spending plans.
Industrial action analysis by Treasury highlights substantial economic costs of strikes, with teachers' strikes alone estimated to cost 300m per day and NHS strikes totaling 1.7bn, prompting the need for proactive pay adjustments for stability.
Collection
[
|
...
]