Sainsbury's to raise pay to £12.60 an hour

Sainsbury's has announced it will raise hourly pay in response to "particularly tough cost inflation" after retailers warned prices are likely to rise later this year. The supermarket chain said it would increase wages by 5% from £12 an hour to £12.60 by August.The latest official figures showed that UK inflation is rising at the fastest pace since March, driven by fuel and clothing.But the British Retail…