Rishi Sunak will give thousands and thousands of public sector staff pay rises of as much as 6.5 p.c however spending cuts could also be required so as to fund them.

The Prime Minister accepted the suggestions from pay overview our bodies, thought to incorporate 6.5 p.c rises for lecturers and 6 p.c for junior docs.

Mr Sunak confirmed the general public sector pay rises is not going to be funded by extra Government borrowing.

He informed a press convention in Downing Street: "Those (pay review) bodies have considered a range of evidence about where to set this year's pay. And their recommendations to Government are for public sector pay rises to go up by a significant amount.

"Now clearly, it will value all of you as taxpayers greater than we had budgeted for.

"That's why the decision has been difficult, and why it has taken time to decide the right course of action.

"I can verify immediately that we're accepting the headline suggestions of the pay overview our bodies in full, however we is not going to fund them by borrowing extra or growing your taxes."