'Doing what we can' | Is Monzo's £1k cost-of-living bonus the best way to help staff finances?

Is Monzo's £1k cost-of-living bonus the best way to help staff finances?

Monzo is set to give its lowest-paid staff a £1,000 payment in order to help support them through the cost-of-living crisis.

The digital challenger bank will make the payment to staff members earning less than £40,000, although it is unclear how many of the company's 2,500 staff fall under this threshold.

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