Hefty public sector pay rises push Government debt up £4.1billion more than expected

Public sector employees’ HEFTY salary increases caused the government’s debt bill to increase by 4.1 billion more than anticipated.

He borrowed 17.4 billion last month, which was much more than the 13.3 billion economists had predicted and the second-highest October borrowing since records began in 1993.

Rachel Reeves, the chancellor, came under fire last night for giving striking union members, including train drivers and junior doctors, huge pay increases.

“They are a direct result of Labour’s decision to give their union paymasters inflation-busting pay increases without any reforms in return,” said Shadow Chancellor Mel Strides.

In the worst October since monthly records started in 1997, interest payments on debt also skyrocketed to 9.1 billion last month.

As they work to close a 22 billion dollar deficit in the national finances, Downing Street stated that they anticipated borrowing to increase.

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The Chancellor asserted that she was obliged to make difficult expenditure decisions after discovering a number of financial time bombs left by the Conservatives.

Ms. Reeves also eliminated winter fuel subsidies for OAPs without pension credit, which was a contentious decision.

Inflation-busting pay increases of 5.5% for public sector employees, including teachers, police officers, military, and civil servants, were announced by Ms. Reeves.

In an effort to put a halt to their ongoing strike action that is seriously harming hospitals, junior physicians are also set to receive a massive 22% pay increase over a two-year period.