Public sector workers could face a pay cut in the coming months as Rishi Sunak and Jeremy Hunt battle look for ways to balance the books after a period of financial turmoil.
‘Rough’ tax rises for all look to be on the way as the government battles with a £50bn blackhole in the country’s finances.and Jeremy Hunt are looking for ways to balance the books after a period of financial turmoil.The TelegraphPublic sector pay may be targeted and workers offered a 2% pay cut across the board, a massive real terms pay cut against the backdrop of double-digit inflation.
Rishi Sunak, reputedly the wealthiest man to hold the office of PM, was seen moving in to Downing Street over the weekend Investment spending could be slashed by £10 billion, but that would have a knock-on effect on growth ahead of a year in which a recession is likely. It remains to be seen if Mr Hunt and Mr Sunak ‘go full circle’ by reinstating the health and social care levy.
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