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Barclays Gives £1,200 Raise to 35,000 UK Staff as Inflation Hits

A Barclays bank branch in London.

A Barclays bank branch in London.

Photographer: Chris Ratcliffe/Bloomberg

Barclays Plc said it will give a £1,200 ($1,460) pay raise to 35,000 of its UK-based staff, the latest lender to boost wages as the cost-of-living crisis deepens.

Employees in customer-facing, branch and junior support roles will receive the increase to their annual pensionable salary from August 1, according to an emailed statement Thursday.