So much for high public sector pay

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As the FT reports:

The apparent resilience of public sector wage growth compared with the private sector largely reflects the nationalisation of two of Britain’s biggest banks along with an explosion of low-paid jobs in the private sector since the recession.

When the effects of these changes are stripped away, pay for public sector workers has risen broadly in line with that of the private sector over the past year.

So that’s another Tory myth shattered.