John Lewis and Currys latest UK retailers to give inflation-busting pay rises
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 06 2025
0mins
Source: Reuters
Inflation-beating pay rises: Major British retailers, including John Lewis Partnership and Currys, are implementing above-inflation pay increases for their employees, with John Lewis investing £114 million for a 7.4% rise and Currys investing £8 million for a 6% increase.
Impact on minimum wage and inflation: These pay adjustments come ahead of the UK government's planned 6.7% increase in the national minimum wage, as inflation reached a 10-month high of 3%, prompting the Bank of England to monitor wage settlements closely.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
