Fresh from urging mortgage borrowers to “hold their nerve” in the face of dramatic increases in repayments, Rishi Sunak now appears to be preparing to squeeze public sector workers in his battle against inflation.
Asked this week whether he would implement the recommendations of independent pay review bodies for staff including teaching and doctors – which are believed to be calling for increases of between 6% and 6.5% – he said staff “need to recognise the economic context we are in”.