UK’s John Lewis to spend 116 million stg on 10% staff pay rise

LONDON (Reuters) – Britain’s John Lewis Partnership said on Wednesday it would raise its minimum rates of staff pay by 10%, starting April, at a cost of 116 million pounds ($148 million).

The group, which owns John Lewis department stores and the Waitrose supermarket chain, said minimum hourly rates would rise to 11.55 pounds across the UK — above the government’s national living wage, which will increase by 9.8% to 11.44 pounds an hour.

The partnership’s rate for London staff will rise to 12.89 pounds.

($1 = 0.7860 pounds)

(Reporting by James Davey; Editing by Sachin Ravikumar)