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<p>The Government is committed to the Prime Minister’s pledge to grow the economy
and halve inflation. We remain steadfast in our support for the Bank of England’s
independent Monetary Policy Committee.</p><p> </p><p>Pay for most frontline workforces
is set by the independent Pay Review Body (PRB) process. On 13 July, the Government
confirmed that it would be accepting the headline pay recommendations of the PRBs
in full.</p><p> </p><p>Government borrowing to pay for things, such as public sector
pay, boosts demand and in turn can increase inflationary pressure. That is why these
pay uplifts will not be funded through any new borrowing.</p>
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