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Evening Standard
Evening Standard
Anna Wise

Barclays chief urges Government to limit wage rises and avoid hiking bank taxes

Barclays CS Venkatakrishnan Rachel Reeves Inflation Economy United Kingdom
CS Venkatakrishnan told the Financial Times that wage inflation was a problem across the UK economy (Ian West/PA) - (PA Wire)

The boss of Barclays has said the UK Government should limit pay rises for public sector workers and renewed calls to avoid hiking taxes for banks in the upcoming Budget.

CS Venkatakrishnan, chief executive of the banking group, told the Financial Times that wage inflation was a problem across the UK economy.

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