Amazon UK has announced plans to spend £170 million ($207 million) on two pay rises for its frontline operations staff in the next six months. The move has caught the attention of the Bank of England, which is closely monitoring inflation pressures. The internet giant, which employs 75,000 people in the UK, stated that starting from October 15, the minimum starting pay will increase by at least £1 per hour, ranging between £11.80 and £12.50, depending on the location. By April next year, pay rates will further increase to between £12.30 and £13 per hour. These raises will result in a 20% increase in Amazon’s minimum starting pay over two years and a 50% increase since 2018. Additionally, Amazon UK has begun recruiting for over 15,000 seasonal roles across the country for the upcoming festive period. This news follows recent announcements from Morrisons and Aldi, who revealed plans to hire an additional 3,500 and 3,000 staff members, respectively, for the Christmas season.
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