Commenting on today's Spending Review, Mubin Haq, CEO, Standard Life Foundation, said:
"The Chancellor's efforts to protect people on low-pay in today's spending review are welcome, with rises to the National Living Wage and a pay rise for public sector workers earning less than the median wage. However, the pay freeze for other public sector workers will be hugely disappointing. Whilst they may not have faced the recent losses experienced by the private sector, public sector wages (in real terms) are still lower than a decade ago. The government has also confirmed legacy benefits will rise by just 0.5%, falling far short of the £20-a-week increase for those on Universal Credit. Some levelling up, but for too many the Spending Review was a levelling down."