Housebuilder Taylor Wimpey gives employees £1,000 cost-of-living bonus

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Housebuilder Taylor Wimpey gives employees £1,000 cost-of-living bonus
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Rival housebuilder Barratt, Lloyds, Rolls-Royce, and HSBC are also among the big companies to have given workers bonuses to help them handle rising living costs.

Housebuilder Taylor Wimpey will give most of its employees £1,000 on top of their salaries to help them cope with rising fuel costs this winter.

The payments will be given to workers on salaries of up to £70,000, meaning that about 90% of the workforce is eligible.It comes as UK households grapple with 9.4% inflation, rising food and energy costs, high fuel costs, and an increase in national insurance and council tax. Taylor Wimpey said:"We have been closely monitoring the impact of rising inflation and the predicted increase in fuel bills this winter on the cost of living for our employees."The group said it has been reviewing wages to"ensure competitive levels of pay, alongside our excellent benefits package".

It comes after rival Barratt announced a £1,000 cost-of-living bonus for 6,000 staff below senior management level, following a 5% pay rise from July to 1 April.

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SkyNews /  🏆 35. in UK

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