The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
J Sainsbury Plc has become the latest British retailer to unveil a “cost of living support package†that it says will help staff cope with the steepest inflation in decades.
The UK’s second-biggest supermarket will lift pay by 25 pence ($0.34) an hour and offer free food and other discounts for employees, it said.
Inflation has already moved into the double digits in Britain and is expected to climb further despite the government’s planned cap on energy bills. Grocery prices have risen 12.4% in the last year, according to retail data business Kantar.
John Lewis Partnership Plc said last month it would provide free food from October to January, repeating an offer it made a year earlier.