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The Financial Times reports that Prime Minister Rishi Sunak is exploring a 5% pay rise offer for public sector workers to end an escalating wave of strikes after the Treasury was given an unexpected £30bn windfall. The Royal College of Nursing (RCN) called off next week’s 48-hour strike in England to restart “intensive” negotiations with Health Secretary Steve Barclay, the paper reports.

Financial Times Front Page 31st of October 2024

The Chancellor has introduced a £40 billion increase in taxes to address financial challenges and public service issues, with the majority of the fiscal responsibility falling on businesses and the wealthy, while also significantly increasing borrowing to fund £100 billion in capital expenditure.

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