Jun 30, 2022
Barclays hands UK staff £1,200 pay rise to ease cost of living crisis
Barclays has given 35,000 of its branch and junior support staff in the UK a £1,200 pay rise to help them cope with the escalating cost of living crisis and soaring inflation. The salary increase will come into effect on August 1 and brings forward the lender's annual pay review, normally due to come into force in March. Unions last week criticised a pay offer from Rolls-Royce that included a £2,000 cash lump sum for its 14,000 UK workers to help them through the cost of living crisis. Unite said the offer - which also included a 4 per cent pay rise - "Falls a long way short of the cost of living crisis claim submitted by our members and their expectations". On Thursday employees at BT voted in favour of strike action on Thursday for the first time in 35 years, after the Communication Workers Union accused the telecoms group's management of introducing a low flat-rate pay rise despite soaring levels of inflation.
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