payslip

Don’t balance the books on the back of the public sector

A paltry 1% pay rise for the public sector Amid all the furore around Brexit the Tories quietly announced today a 1% pay rise for public sector workers, a below inflation rise. The pay rise for NHS staff, doctors, dentists and the armed forces comes at a time when inflation is predicted to rise to almost 3% according to the Bank Of England. In very simple terms, the cost of living will grow at a faster rate than wages. Wage stagnation is nothing new, back in 2016 a Financial Times story based on studies from the IFS showed that younger workers are going to be

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