Sainsbury's rewards staff with 5% pay boost despite budget tax hit
- Sainsbury's will increase hourly pay from £12 to £12.60, a 5% rise, effective in March and August 2025, as reported by the company.
- The pay rise aims to support staff amid rising costs and inflation, with Sainsbury's facing an additional annual bill of £140 million, according to the statement.
- Sainsbury's reported a 2.7% increase in group sales over the 16 weeks to January 4, driven by grocery sales, as stated in the trading update.
- The British Retail Consortium warned that consumers will likely see price increases as retailers manage new costs from the autumn budget, as mentioned in their report.
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Leaning Left4Leaning Right2Center9Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 27%
C 60%
13%
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