In the run-up to the Autumn Budget, Barclays' chief executive has urged the government to restrain pay increases for public sector employees and resist imposing additional taxes on banking institutions.

In an interview with the Financial Times, CS Venkatakrishnan stated "we need to find a way to curb wage inflation," whilst highlighting the importance of controlling government spending, particularly regarding public sector salaries, as reported by City AM .

The Office for National Statistics revealed last month that public sector pay increases had exceeded those in the private sector.

Venkatakrishnan expressed concern about potential tax rises on British banks, questioning the FT: "UK banks are taxed more than banks anywhere else, how much more are you going to squeeze this?"

He ou

See Full Page