Every little helps | Tesco workers receive £300 bonus amid booming profits - but are retailers capitalising on rising costs?

Tesco has announced some of its employees will receive a bonus of roughly £300 after taking in £2.3billion in profit.

With the cost-of-living crisis in full motion, Tesco has laid on thick the need for shoppers to join their Clubcard scheme, which gives them access to products at a reduced price.

This marketing has clearly benefitted the supermarket chain, as the £70million bonus will be divided between roughly 220,000 staff members as the supermarket chain saw its profit jump by 159% in the year to February.

This news comes after Tesco announced it would also be giving staff its highest ever pay rise – taking the hourly pay rate for shop staff from £11.02 to £12.02, which is above the Real Living Wage and signifies a 9.1% rise in base pay.