Sunday, September 14, 2025 -Barclays chief executive has called on UK ministers to show restraint in awarding public sector pay rises, warning that excessive increases could fuel inflation and undermine economic stability.
Speaking at a financial forum, he argued that while workers’ demands are understandable amid a cost-of-living crisis, the government must balance fiscal responsibility with fairness. The intervention comes as ministers face intense pressure from unions representing nurses, teachers, and transport workers.
The comments have sparked backlash from union leaders and opposition politicians, who accuse Barclays of hypocrisy given the bank’s record profits and high executive pay.
Critics argue that ordinary public sector workers should not bear the brunt of inflationary pressures while financial institutions thrive. On social media, the remarks have triggered anger and ridicule, with many accusing the banking elite of being out of touch with the struggles of ordinary families.
The debate underscores the political tension at the heart of Britain’s economic challenges. If ministers heed the advice of business leaders, public sector strikes could intensify, further disrupting services.
However, ignoring warnings about inflation risks could deepen financial instability. As the government weighs its options ahead of the next budget cycle, the clash between fiscal caution and social demands looks set to remain a defining issue.
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