getting an back and i got used to the idea of getting an account and getting a statement and getting the value of it out statement and getting the value of it out in statement and getting the value of it out in terms of bits of paper. how it out in terms of bits of paper. how astonishing is that? a bit of paper how astonishing is that? a bit of paper saying, i promise to on demand pay the paper saying, i promise to on demand pay the sum paper saying, i promise to on demand pay the sum of £1, whatever was written pay the sum of £1, whatever was written on pay the sum of £1, whatever was written on them. people got used to that and written on them. people got used to that and then suddenly the notes became that and then suddenly the notes became the thing they wanted. the same became the thing they wanted. the same for became the thing they wanted. the same for checks. never going to be honoured same for checks. never going to be honoured but of course now peopl
are hearing that the public sector review bodies are going to recommend increases of between six and 6.5% for each of those different groups of workers. we also know that government departments have done the maths and they think they can afford to pay a pay rise of around 3.5%. that obviously leaves a pretty big gap to fill of around 2.5 to 3.5%, so where is that money going to come from? the chancellor said that in a speech last night that public sector borrowing could not be used to make these pay rises for public sector workers. that would of course mean that the money would have to be found from within existing department budgets. that could create a bit of a problem, because we have already heard from unions. they say no, this needs to be new money. it cannot be coming from existing budgets like the schools, hospitals, gps, because they are all ready to stretch to find extra savings that would be needed to
it is significant we have had in decades. it is costing significant we have had in decades. it is costing billions of pounds more it is costing billions of pounds more than the government had budgeted for, and that has consequences. if we are going to prioritise consequences. if we are going to prioritise paying put workers more, it has prioritise paying put workers more, it has to prioritise paying put workers more, it has to come from somewhere else. it it has to come from somewhere else. it wouldn t it has to come from somewhere else. it wouldn t be responsible to borrow more it wouldn t be responsible to borrow more because it would make inflation worse more because it would make inflation worse we more because it would make inflation worse. we have done two things to find this worse. we have done two things to find this money. the first is, we are going find this money. the first is, we are going to increase the charges that we are going to increase the charg
which funded and that is the basis on which the funded and that is the basis on which the unions have called off the action which the unions have called off the action and which the unions have called off the action and i which the unions have called off the action, and i am grateful to them and their action, and i am grateful to them and their members for that. nhs leaders say and their members for that. nhs leaders say there and their members for that. nhs leaders say there is and their members for that. iihs leaders say there is no chance of them being able to reduce backlogs on treatments in the way that you want if they have to make savings. are they going to have to make savings to fund part of this pay rise? separately, it has been said that the uk s government debt is much more vulnerable to rising inflation than any other g7 leading country. part of the reason is because of decisions you chuck as chancellor on issuing index linked bills. do you regret those dec
typicaljunior dr on pay .3, is going typicaljunior dr on pay .3, is going to typicaljunior dr on pay .3, is going to receive a significant pay increase. going to receive a significant pay increase, around 9%. this is as a result increase, around 9%. this is as a result of increase, around 9%. this is as a result of us increase, around 9%. this is as a result of us accepting the recommendation. most would think that is recommendation. most would think that is significant pay increase for a junior that is significant pay increase for a junior dr, that is significant pay increase for a junior dr, that is what is being delivered a junior dr, that is what is being delivered as a result of our decision delivered as a result of our decision today. that comes along with all decision today. that comes along with all the other we have done for the nhs, with all the other we have done for the nhs, record funding, a long term workforce the nhs, record funding, a long term work