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Marks & Spencer Boosts Staff Pay Amid Inflation Concerns

3/4/2026

39 8 Full Breakdown

Summary

Story summary

Marks & Spencer will raise pay for its 55,000 retail employees by at least 6.4%, to £13.41 per hour nationwide and £14.74 in London, effective April 1, costing over £70 million and intended as an inflation-beating investment to support staff during growth.
The new pay structure no longer aligns with the real living wage, which is £13.45 across the UK and £14.80 in London.
ShareAction criticized the decision.

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Story summary

Marks & Spencer will raise pay for its 55,000 retail employees by at least 6.4%, to £13.41 per hour nationwide and £14.74 in London, effective April 1, costing over £70 million and intended as an inflation-beating investment to support staff during growth.
The new pay structure no longer aligns with the real living wage, which is £13.45 across the UK and £14.80 in London.
ShareAction criticized the decision.