Asda has announced an inflation-busting pay rise for all 110,000 retail staff.
The supermarket said their “hard-working” hourly-paid staff will all receive a 4 per cent rise.
It will be implemented in two stages, with the first as early as next week [April 1] and the second on July 5.
Staff working outside the M25 will jump from earning £12.60 per hour to £13.10 by summer and those working inside the M25 move from £13.82 to £14.35 per hour.
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The Office for National Statistics recorded the consumer price index inflation figure at 3.2% for February, meaning Asda’s increase is 0.8% higher.
Asda said the “pleasing” news represents an £80 million investment.
The news means hourly pay has increased by around 40% since Asda’s acquisition by TDR Capital and the Issa brothers in 2021.
James Goodman, Chief People Officer, Asda, said: “Our store‑based colleagues are at the core of our business and the role they play serving customers is central to our ‘formula for growth’ turnaround plan.
“I’m pleased we have been able to give them an above‑inflation pay award and invest in this way.
“I’d also like to thank them for their continued hard work and commitment to making Asda better every day.”
Shoppers at Tesco, Asda & more missing out on £442 vouchers
Thousands of families in England, Wales and Northern Ireland may be missing out on free food vouchers worth up to £442 .
More than 200,000 families have previously been warned they could be missing out on the Healthy Start scheme.
The NHS scheme offers support to families with young children and pregnant women who are on a low income and receiving qualifying benefits.
It can be used to buy healthy food such as milk, infant formula, and fruit and vegetables.
You can view full eligibility criteria, and apply online, here .
Those eligible could receive top-ups of £4.25 or £8.50 per week based on their child’s age.
You can apply by email or phone if you’re at least 10 weeks pregnant, or have at least one child under 4 years old, and get Income Support, Universal Credit, Working Tax Credit run-on) and you do not get Child Tax Credit, or Pension Credit (which includes the child addition).
You can also apply by email or phone if you’re at least 10 weeks pregnant and either under 18 years old and not getting any benefits, getting Child Tax Credit and not getting Working Tax Credit and your family’s annual income is £16,190 or less, or getting income-related Employment and Support Allowance (ESA).