Minister: Lack of Anglo deal will thwart pay talks

Failure to deliver a deal on the Anglo debt will impact badly on public sector pay, a Government minister has admitted.

Labour health junior minister Alex White said there was a “huge amount riding” on the Coalition’s ability to secure agreement with the ECB before the next promissory payment of €3.1bn is due at the end of the month.

However, Mr White refused to be drawn on suggestions within Labour that failure to cut a deal could trigger a general election.