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Future of British Business

Rolls-Royce Offers UK Staff £2,000 for Rising Cost of Living

The Rolls-Royce Holdings Plc plant in Barnoldswick, U.K.
The Rolls-Royce Holdings Plc plant in Barnoldswick, U.K.Photographer: Anthony Devlin/Bloomberg

British aircraft enginemaker Rolls-Royce Holdings Plc became the latest company to offer staff extra cash to offset the rise in the cost of living, awarding 70% of its UK workforce a lump sum of £2,000 ($2,460). 

A Rolls-Royce spokeswoman confirmed the move, earlier reported by Sky News. The handout will be made available for 14,000 employees on the shop floor and in junior management, with the former group also getting the highest annual pay rise in at least a decade, she said.