Asda to invest £150m into giving 8.4% pay rise to more than 120,000 staff

Asda is ploughing more than £150m into the business amid moves to hike up pay by 8.4% to more than 120,000 staff.
The supermarket chain – the UK’s third largest – says 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. Asda has become the latest supermarket group to increase its pay, 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 its wor …