Rachel Reeves warns there is 'a cost' to not giving public workers pay increase. The new Labour chancellor signalled she was considering giving more than a million teachers and nurses above-inflation pay rises of 5.5%.
Labour is talking 'nonsense' about the dire state of the economy in order to justify tax rises, former chancellor Jeremy Hunt claimed today.
The Chancellor used her own appearance on the BBC's Sunday Morning with Laura Kuenssberg to say that the Tories had left the economy in a mess. ' perfectly legitimate for a new government to come in and say they want to spend more, tax more - every Labour government in history has done that - but she should have been honest about that before the election.'
It came after reports suggested independent pay review bodies have recommended a 5.5 per cent rise for teachers and around 1.3 million NHS staff. This pay rise is in line with that given to the private sector.
Read More Rachel Reeves pledges to kickstart 'big bang on growth' echoing economic policies of Thatcher Experts pointed out that the biggest upward pressure came from restaurants and hotels, with the 'global phenomenon' pop star Taylor Swift touring in the UK during the month. But a respected expert has warned the Chancellor will have to either increase taxes or borrowing, or make major spending cuts to services, to find the extra money involved.
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