Sainsbury's to raise pay to £12.60 an hour due to 'tough' inflation

Sainsbury's has announced it volition rise hourly wage successful effect to "particularly pugnacious outgo inflation" aft retailers warned prices are apt to emergence aboriginal this year.

The supermarket concatenation said it would summation wages by 5% from £12 an hr to £12.60 by August.

The latest authoritative figures showed that UK ostentation is rising astatine the fastest gait since March, driven by substance and clothing.

But the British Retail Consortium lobby group has warned "there is small anticipation of prices going anyplace but up" successful shops arsenic retailers negociate measures announced successful the autumn Budget, including an summation successful National Insurance for employers.

Chancellor Rachel Reeves said astatine the clip said she had "decided the close happening to bash was to inquire businesses and the wealthiest successful our state to wage a spot more".

In a trading update for the cardinal Christmas period, Sainsbury's said it expected its full-year nett to emergence by astir 7% to much than £1bn.

For the festive period, comparable income roseate by 2.8%, lifted by food.