Barclays hands UK staff £1,200 pay rise to ease cost of living crisis

Barclays has given 35,000 of its branch and junior support staff in the UK a £1,200 pay rise to help them cope with the escalating cost of living crisis and soaring inflation.

The salary increase will come into effect on August 1 and brings forward the lender’s annual pay review, normally due to come into force in March. The bank indicated it may also boost salaries of staff in other countries in the coming months.

“Barclays will…