More than that, the OBR have just adjusted their forecast for gilt rates before if they think the market hasn't priced in what is in the budget. Most recently in October last year!

amen! have just been trying to find some National Infrastructure Commission reports. The (good) standalone NIC site is gone now that NIC has been brought into Treasury and can't for the life of me find them on gov.uk. Ended up downloading one from the North Herts District Council website...

Do you think this is because of minimum/living wage increases pushing the new starter wages up but this not being matched by pay increases for more senior staff? Or is there something else going on?