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PORTILLO INDICATES SHARPER SQUEEZE ON PAY AHEAD

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The government's proposed public sector pay freeze could be tougher than expected, reports the Financial Times (P8)...
The government's proposed public sector pay freeze could be tougher than expected, reports the Financial Times (P8), judging by details uncovered in the Commons Treasury and civil service committee's reports on the Budget.

Chief secretary to the Treasury, Michael Portillo, told the committee that the freeze on pay bills were separate from the freeze on running cost, so savings from running costs could not finance a pay rise.

The paper reports that many employers and union leaders had hoped it would be possible to subsidise pay rises from both and had expected rises of up to 3% in 194-95.
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