The burgeoning cost of living crisis in the UK has seen blame thrown at the UK government, energy companies and Russian President Vladimir Putin.
People in the UK have seen their spending power under unprecedented pressure over the past year and the situation is expected to worsen in the coming months.
John Lewis, which owns the eponymous department store and luxury grocer Waitrose, said Wednesday that it will provide free meals while its employees are at work.
The company, which has more than 80,000 employees, is extending this offer to all full-time and temporary employees from October 3rd through January 6th.
A company spokesperson said employees will be offered free meals during their breaks.
Employees of large department stores with kitchens will be able to order from a menu that includes hot meals for breakfast and lunch or dinner. Long haul truck drivers can pre-order packed lunches.
“Naturally, as we cater to thousands of employees with varying needs and available equipment, our menus vary greatly by location,” a spokeswoman said. luck on thursday. “We are trying to make it available to as many people as possible.”
Courtesy of John Lewis & Partners
John Lewis has announced that it will employ more than 10,000 temporary workers to cover the Christmas period.
John Lewis COO Andrew Murphy said: in a statement Wednesday.
Given 4-star review scores on Glassdoor by thousands of current and former employees, John Lewis is an employee-owned business that rewards all employees, known as “partners,” with the company’s annual bonus. pay the performance.
This year’s bonus is equivalent to 3% of each employee’s annual salary, or 1.5 weeks’ salary.
170% year-on-year billing increase
John Lewis said Wednesday that it is providing free meals to its employees to help with the cost of living, which has risen sharply in the UK this year.
Last week, the UK’s energy regulator announced an 80% increase in the cap on consumer energy bills from October. In April, UK energy costs had more than doubled.
According to charity National Energy Action, UK energy prices are expected to rise 170% year-on-year by October, leaving 8.9 million people short of fuel.
In a recent forecast, consultancy Cornwall Insight said it expects annual household energy costs to reach £4,426 ($5,118) by April. As of early 2022, the average UK household was paying less than £1,500 a year for energy.
Energy costs across Europe have been pushed up as the continent seeks to reduce its dependence on Russian gas after the Ukrainian invasion, but wholesale natural gas prices have remained low as inventories are low and the country has emerged from the crisis. It was already hitting record highs in the region as demand increased. COVID lockdown.
The UK’s reliance on gas as an energy source has been hit particularly hard by higher prices in Europe.
The UK government has taken a number of steps to ease the energy crisis, including a £400 energy subsidy for all households and a temporary £5bn windfall tax for energy companies. I am teaching.
Earlier this month, Goldman Sachs warned that UK inflation could reach 22% in January if energy prices continue to run out of control.
Along with soaring energy costs, food prices have risen at their fastest pace since the financial crisis in August 2008, according to the UK Retail Consortium.
Guy Smallman—Getty Images
Following Prime Minister Boris Johnson’s resignation last month, Liz Truss and Rishi Sunak – both senior Conservative MPs for Johnson and served in Johnson’s cabinet – are fighting it out to take over from him. There is
Prime Minister Johnson, who has been widely criticized for inaction on the cost of living crisis, has denied taking further steps to ease the situation, saying that his successor and his new government will seek to address the emergency. said he would do more to
His replacement will be announced on September 5th.
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