Britain's Tesco raises store workers pay by 7%

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Britain's Tesco raises store workers pay by 7%
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Tesco, Britain's biggest retailer, will raise hourly pay for about 220,000 store workers by 7% from April, another increase that will likely catch the attention of the Bank of England, which is worried about inflationary pressure in the economy.

The supermarket group, one of the country's largest private sector employers, said a deal agreed with shopworkers union USDAW will see store workers get 11.

02 pounds an hour from April 2, up from 10.30 pounds currently.said the increase, a third in ten months, will cost it over 230 million pounds and take investment in pay over the last year to 430 million pounds.

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