Every little helps? | Should firms copy Tesco by letting staff access wages early?

Tesco workers will be able to receive a portion of their wages ahead of payday as bosses look to help ease the burden of the cost-of-living crisis.

The supermarket says its new scheme will allow 280,000 UK employees to receive up to 25% of their contractual pay early, with the primary aims being to help staff with soaring bills and avoid the need to take out pay day loans with extortionate interest rates.

Workers will be allowed one advance per pay period and will be charged £1.49 per use of the service, which Tesco is partnering on with Salary Finance, a financial services & education provider.

Tesco's UK people director, James Goodman, said: "We hope this helps to support colleagues, particularly in the run-up to Christmas."