LONDON, July 25 (Reuters) – German discount supermarket group Aldi UK announced on Monday that it was giving its store staff a second pay rise this year, another indication of the tightness of the UK labor market.
Many UK employers are offering higher wage offers in the face of staff shortages and accelerating prices. The Bank of England is watching regulations closely as it assesses the risk that a jump in inflation to a 40-year high of 9.4% will embed itself in the economy.
Aldi UK, which trades in 970 stores across Britain, said that from September around 26,000 shop assistants would be paid a minimum of £10.50 ($12.57) per hour nationally and £11.95 in London – increases of 4% and 3.5% respectively.
Rates had fallen from 9.55 pounds to 10.10 pounds nationally and from 11.07 pounds to 11.55 pounds in London in February.
Aldi is Britain’s fifth largest supermarket group after market leader Tesco TSCO.LSainsbury’s SBRY.L, Asda and Morrison. All have increased their salaries this year.
($1 = 0.8356 pounds)
(Reporting by James Davey; Editing by Kate Holton and David Holmes)
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