Britain’s M&S raises staff pay for second time in 2022

LONDON (Reuters) – Marks & Spencer (OTC:) on Wednesday became the latest British retailer to again raise pay for store workers amid a cost-of-living crisis and a tight labour market.

The clothing and food group said that from Oct. 1 more than 40,000 workers will see their hourly pay increase to a minimum of 10.20 pounds ($11.57). The additional autumn pay review follows an initial pay increase in April to 10.00 pounds an hour from 9.50 pounds.

M&S said its new package to support workers would cost it 15 million pounds.

($1 = 0.8818 pounds)

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