Sainsbury’s has introduced it should elevate hourly pay in response to “notably powerful price inflation” after retailers warned costs are prone to rise later this 12 months.
The grocery store chain stated it might enhance wages by 5% from £12 an hour to £12.60 by August.
The newest official figures confirmed that UK inflation is rising on the quickest tempo since March, pushed by gas and clothes.
However the British Retail Consortium foyer group has warned “there is little hope of prices going anywhere but up” in shops as retailers handle measures introduced within the autumn Price range, together with a rise in Nationwide Insurance coverage for employers.
Chancellor Rachel Reeves stated on the time stated she had “determined the correct factor to do was to ask companies and the wealthiest in our nation to pay a bit extra”.
In a buying and selling replace for the important thing Christmas interval, Sainsbury’s stated it anticipated its full-year revenue to rise by round 7% to greater than £1bn.
For the festive interval, comparable gross sales rose by 2.8%, lifted by meals.
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, 2025-01-10 08:22:00
