British electricals retailer Currys said on Friday it was raising hourly pay rates for a third time in 13 months as competition heats up to attract and retain staff in a tight labour market amid a worsening cost of living crunch. The group, previously known as Dixons Carphone, said that from Oct. 30 hourly paid staff across the UK would get a minimum rate of 10.35 pounds ($11.57), up 3.5%. Currys said that over the last 13 months, it had increased UK minimum hourly rates by 15.6%.
How pensions, mortgages and energy bills are affected by the market's wild ride.
The Government’s auto-enrolment pension scheme has not done enough to prevent a looming retirement crisis, MPs have warned, with more than 60pc of workers still at risk of having too little to live off in their old age.