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Private sector pay suffers worst growth since Covid
['Tom Haynes', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Thanks for joining us on another busy day as Andy Burnham made his first policy announcement as prime minister.
Private sector wages are growing at their slowest pace since the pandemic, piling pressure on Andy Burnham as he enters Downing Street facing a fragile economy and strained public finances.
Yet in a break with his predecessor, the new Prime Minister has come dangerously close to promising lower taxes.
08:33am'Unfunded' energy bills tax cut under fireAndy Burnham's first major policy announcement has been undermined by Keir Starmer's right hand man in a stinging intervention.
Sir Mel Stride, the shadow chancellor, called for Labour to instead scrap net zero subsidies on energy bills.