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Evening Standard
Evening Standard
World
Holly Williams

Co-op Bank hands staff £1,000 cost-of-living pay rise

Cooperative Bank
Staff at the Co-operative Bank are to receive a £1,000 pay rise to help them with the cost of living crisis in the latest move by a lender to help struggling bank workers. (Picture: PA Archive)

Staff at the Co-operative Bank are to receive a £1,000 pay rise to support them amid the cost-of-living crisis in the latest move to help cash-strapped workers.

The group said around 95 per cent of its employees will be eligible for the pay rise, which will take effect in September, with only those on the highest salaries not set to benefit.

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