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https://www.theguardian.com/business/2022/dec/17/its-not-pay-claims-that-are-driving-up-prices-in-britain-its-profits ‘The chancellor said he couldn’t revisit pay review decisions for public sector workers without risking a knock-on effect from higher wages to higher prices. In Threadneedle...

Inflation plus 5%

Exactly. This government line that the nurses got a pay rise last year so they should put up with a massive real terms pay cut this year is pathetic.