The Guardian

Barclays boss urges UK ministers to limit public sector pay rises


TUC says CS Venkatakrishnan has ‘brass neck’ calling for curbs when his pay packet has doubled to £10.5m

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The chief executive of Barclays has said the UK government needs to limit pay rises for public sector workers and resist a further “squeeze” on banks with tax increases.

CS Venkatakrishnan said the government needed to look at its own spending levels as the chancellor, Rachel Reeves, seeks ways to address a fiscal hole when she announces her budget in November.

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Source link : https://www.theguardian.com/business/2025/sep/12/barclays-boss-urges-uk-ministers-limit-public-sector-pay-rises

Author : Mark Sweney and Kalyeena Makortoff

Publish date : 2025-09-12 14:15:00

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