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Most staff at the global company – which employs around 82,000 people worldwide – will be eligible for the pay boost.
The banking giant said the cash boost will go to junior employees including customer-facing staff in UK branches and contact centres.
The UK was forced to pay 5,000% higher than the typical price for electricity to prevent a power blackout in south-east London.
Pub businesses are facing increased labour, food and energy costs.
It represents a drop of more than 7,000 over the past decade.