Where the Comment is King

THE NEWS COMMENTER

VOTE  (0)  (0)

Rishi Sunak's pay rise for seven million people...but how WILL we afford it?

Added 10-26-21 05:36:03am EST - “Questions were last night raised about where Rishi Sunak will find the money to award higher wages to around 5.6million staff in the public sector and raise the minimum wage.” - Dailymail.co.uk

CLICK TO SHARE

Posted By TheNewsCommenter: From Dailymail.co.uk: “Sunak's pay rise for seven million people...but how WILL we afford it?”. Below is an excerpt from the article.

Rishi Sunak last night declared it was right to award higher wages to public sector employees because the economy was 'firmly back on track'.

Around 5.6million staff – including nurses, teachers and members of the Armed Forces – will have an increase from April when a one-year salary freeze ends.

On Monday Rishi Sunak announced he would lift a freeze on public sector pay that was imposed last year because of the pandemic

At the same time, the minimum wage will rise by 59p to £9.50, boosting the incomes of two million of the lowest paid.

But there were immediate questions as to where the money would come from with the country facing an estimated £400billion bill for the Covid crisis and the Treasury having already made spending pledges worth billions of pounds.

Read more...

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

Comment Box is loading comments...

CLICK TO SHARE

BACK TO THE HOME-PAGE