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Evening Standard
Evening Standard
Politics
Nicholas Cecil and Jonathan Prynn

Budget 2024: Public sector pay rise row as borrowing hits £80 billion in blow to Rachel Reeves

A minister defended public sector pay rises to avert strikes as official figures showed they were fuelling Government borrowing.

The Office for National Statistics on Tuesday revealed that public sector net borrowing in the first half of the financial year hit £79.6 billion. That is £1.2 billion more than a year earlier and £6.7 billion higher than forecast by the independent fiscal watchdog, the Office for Budget Responsibility.

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