Asda to give more than 120,000 staff pay rises [Video]

Asda has said it will invest £150 million into giving more than 120,000 staff an 8.4% pay rise.

The UK’s third largest supermarket chain said it will increase basic pay for retail workers to £12.04 an hour later this year, with those at stores inside the M25 receiving £13.21.

It is the latest supermarket group to hike pay rates, ahead of an increase in the national minimum wage in April.

The national minimum wage will increase from its current rate of £10.42 to £11.44 on April 1.

Asda currently pays an hourly rate of £11.11 to staff, with that increased to £12.28 within the M25.

It said it will give staff an interim increase to the new national minimum wage in April, with those inside the M25 receiving £12.61, before it launches the larger pay deal in July.

Usdaw, the trade …