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22nd Jul 2024 10:26UKDaily Monitor

  • Chancellor Rachel Reeves hinted she would accept 5.5% public-sector pay rises this year.
  • We also expect Ms. Reeves to raise government borrowing by £22B in 2029/30 in the Autumn Statement.
  • Higher public-sector pay rises than expected will have only a minor effect on the interest rate outlook.

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Keywords for: 23 July 2024 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence