UK is not in a wage-price spiral - PM Sunak's spokesman

The British economy is not in a wage-price spiral, a spokesman for Prime Minister Rishi Sunak said on Wednesday.

Asked if the economy was in a wage-price spiral, the spokesman said: "No. I think what we have seen, and as the chancellor has said, the economy is showing resilience.

"We are conscious about the potential for wage-price spirals and, of course, that is why we are making the difficult decisions when it comes to public-sector pay, and it is important we maintain that discipline."