Unfreeze public sector pay and cut benefits bill, Philip Hammond is urged

Inflation-linked pay rise would cost £5.8bn – but £2.5bn would come in from extra tax and from benefits savings, thinktank says

Philip Hammond is facing renewed calls to unfreeze public sector pay, as fresh analysis suggests the cost to the Treasury would be cushioned by £2.5bn in additional tax revenues and benefits savings.

A significant portion of funding required to lift the cap would be returned almost immediately to the Treasury, according to research from the Institute for Public Policy Research (IPPR) thinktank.

Continue reading…

For more details, click on: Unfreeze public sector pay and cut benefits bill, Philip Hammond is urged