Would pay demands cost an extra £28bn?

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Would pay demands cost an extra £28bn?
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The prime minister and health secretary both claim they would cost an extra £1,000 per household.

On 7 December, we asked the Treasury how it came up with the £28bn and £1,000 per family figures.

That gives £27bn - the other £1bn comes from "assumptions on pay drift and workforce growth", which have not been specifiedWe asked the government why its figures were for 2023-24, when the strikes and disputes are over pay settlements in the current year? Ben Zaranko, from the IFS, points out that CPI inflation is forecast by the OBR to average 5.5% in 2023/24.year", he told us.

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