Public sector pay not an obstacle to further BoE rate cuts
We expect the striking gap between public and private sector pay growth in October to narrow in the coming months. But even if political pressure on the government means public sector pay growth is stronger than expected this year, we doubt this would fuel inflation much and get in the way of the Bank of England cutting rates further.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
