Housebuilder Taylor Wimpey will give most of its workers £1,000 on high of their salaries to assist them deal with rising gas prices this winter.
The funds might be given to staff on salaries of as much as £70,000, that means that about 90% of the workforce is eligible.
Money might be paid in month-to-month instalments from September to February.
It comes as UK households grapple with 9.4% inflation, rising meals and vitality prices, excessive gas prices, and a rise in nationwide insurance coverage and council tax.
Taylor Wimpey mentioned: “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 mentioned it has been reviewing wages to “ensure competitive levels of pay, alongside our excellent benefits package”.
It comes after rival Barratt introduced a £1,000 cost-of-living bonus for six,000 workers under senior administration degree, following a 5% pay rise from July to 1 April.
Lloyds, Rolls-Royce, and HSBC are additionally among the many large firms to have given staff bonuses to assist them deal with the rising price of residing.
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Also on Wednesday, Taylor Wimpey introduced a 16.3% rise in pre-tax income to £334.5m for the six months to the top of June.
Like many companies, the agency’s prices have elevated as a result of increased price of supplies, nevertheless it mentioned this was absolutely offset by home value progress.
It expects property costs to extend 4% to five% year-on-year.
Nationwide Building Society information on Tuesday confirmed that annual UK home value progress was up barely in July to 11%, in contrast with 10.7% in June, though it’s anticipated to gradual within the months forward.
Source: information.sky.com”