John Lewis and Currys latest UK retailers to give inflation-busting pay rises

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Fri, March 7, 2025

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John Lewis and Currys latest UK retailers to give inflation-busting pay rises

^{Published on 2025-03-07 09:21:11 - Reuters}

The John Lewis Partnership and Currys on Thursday became the latest major British retailers to give their staff inflation-beating pay rises which only partly reflect a hike in the government-mandated minimum wage.

The article from Reuters discusses how John Lewis Partnership, which includes the John Lewis department stores and Waitrose supermarkets, has announced inflation-busting pay rises for its 76,000 employees. Starting in April, the minimum hourly wage will increase by 10% to 11.55 pounds, and the average base pay will rise by 6% to 12.24 pounds per hour. This move comes amidst a backdrop of economic challenges including high inflation rates, with the UK's consumer price inflation at 4% in January. Similarly, Currys, an electricals retailer, has also agreed to a 10% pay rise for its shop floor workers, effective from April 1, setting the minimum hourly rate at 12.00 pounds. These pay increases reflect efforts by UK retailers to retain staff and address the cost-of-living crisis, despite the broader economic pressures.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/retail-consumer/john-lewis-currys-latest-uk-retailers-give-inflation-busting-pay-rises-2025-03-06/ ]

N@N

John Lewis and Currys latest UK retailers to give inflation-busting pay rises