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Barclays boss urges UK ministers to limit public sector pay rises

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Barclays boss urges UK ministers to limit public sector pay rises

CS Venkatakrishnan also calls for government to avoid bank tax hike as Rachel Reeves seeks to plug fiscal hole

The chief executive of Barclays has said the UK government needs to limit pay rises for public sector workers and resist a further “squeeze” on banks with tax increases.

CS Venkatakrishnan said the government needed to look at its own spending levels as the chancellor, Rachel Reeves, seeks ways to address a fiscal hole when she announces her budget in November.

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BarclaysEconomic policyBankingBusinessTax and spendingPublic sector payBudgetPoliticsUK newsSociety

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