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Sunak to unfreeze public sector wages, Treasury says

Sunak to unfreeze public sector wages, Treasury says

BRITISH finance secretary Rishi Sunak will unfreeze public sector pay when he presents his budget in two days' time, the finance ministry said on Monday (25).

The fact he would do this was first reported by the Sun newspaper on Sunday (24).


The size of the pay rise will depend on recommendations from pay review bodies that set wages for frontline workers, the finance ministry said in the 17th budget announcement to be released in advance of Sunak's statement on Wednesday (27).

The finance ministry also confirmed that the national minimum wage for people aged 23 and above will be lifted in April to 9.50 pounds ($13.06) an hour from 8.91 pounds.

Sunak is expected to set fairly tight limits for most areas of day-to-day public spending in his budget on Wednesday, which will seek to lower public debt after a record surge in borrowing during the pandemic.

The measures announced in advance of the budget include funding for the health service, education and regional transport.

(Reuters)

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Narayana Health enters UK market through Practice Plus Group acquisition

The acquisition brings 12 hospitals and surgical centres under Narayana Health’s umbrella, specialising in orthopaedics, ophthalmology and general surgery.

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Narayana Health enters UK market through Practice Plus Group acquisition

Highlights

  • Narayana Health acquires Practice Plus Group’s 12 UK hospitals and surgical centres.
  • Deal positions Indian healthcare provider among top three in India by revenue
  • Group plans 1,400 new beds across six greenfield hospitals in India within 30 months.

Narayana Health, one of India’s largest healthcare providers founded by renowned cardiac surgeon Dr Devi Prasad Shetty, has acquired UK-based Practice Plus Group Hospitals, marking its entry into the British healthcare market.

The acquisition brings 12 hospitals and surgical centres under Narayana Health’s umbrella, specialising in orthopaedics, ophthalmology and general surgery. Practice Plus Group, the fifth largest private hospital group in the UK, performs approximately 80,000 surgeries annually.

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