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Banks and insurers boost UK staff pay to combat cost of living

Banks and insurers boost UK staff pay to combat cost of living

Santander, Virgin Money, Visa and Beazley have become the latest financial services companies to offer pay rises or one-off bonuses to staff to help deal with the soaring cost of living.

This week, 11,000 UK-based staff at Spanish bank Santander were told they would receive a 4 per cent pay rise to help with fast-rising inflation, which is squeezing incomes across the UK particularly for lower-earning families.

Santander will offer the…


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