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UK politics
fromBusiness Matters
11 hours ago

Barclays chief urges ministers to curb public sector pay and resist bank tax hikes

Curb government spending and wage-driven inflation while avoiding higher taxes or windfall levies on banks to protect London's financial competitiveness.
fromwww.theguardian.com
12 hours ago

Barclays boss urges UK ministers to limit public sector pay rises

Venkatakrishnan said that, while the government needed to restrict rising public sector wages, the inflationary impact of pay rises was an issue across the UK economy. While UK wage growth has slowed in recent months it is still running at an annual rate of 5.7% in the public sector, excluding bonuses. Private sector wage growth is running at an average of 4.8%.
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