Hero boss gives each worker £750 to help with energy bills – costing him £45,000

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James Hipkins, managing director of Emerys Timber and Builders Merchants, splashed out £45,000 in total on 60 members of staff, to give them £750 each for rising bills

Britain’s best boss has given each of his workers £750 to help them cope with the cost of living crisis.

James Hipkins, 51, managing director of Emerys Timber and Builders Merchants, splashed out £45,000 in total on 60 members of staff.

The boss stated that he knew “everyone is suffering” and wanted to “share back” the success of the business, which has depots in Staffordshire and Shropshire.

It comes as energy bills rose by hundreds of pounds last week, after the regulator Ofgem upped its price cap for those with typical use by £693.

Council tax bills have also risen by 3.5% on average for a Band D home, while water bills have gone up too.

How energy bills crisis impacts you

James, a father of three from Cheshire, shared his story Silver Screen BeatEvery penny was well spent on the bonuses paid to staff to ease the rise in prices.

“With everybody struggling we just thought we want to share some of that good fortune with the staff,”He said.

Have you ever been offered a bonus for your ‘cost-of-living’ by your boss? Let us know: mirror.money.saving@mirror.co.uk

“They weren’t expecting it and they were overjoyed. I think they’ve found it’s a great help when everything’s a bit bleak.”

Your broadband and mobile tariff have also increased in cost. Mortgage repayments for those who have a tracker rate, which adjusts with inflation, have gone up.

Consumer Prices Index (CPI), which measures inflation in consumer prices, just rose to 6.2%. It is expected that it will continue increasing this year.

CPI measures the change in prices for goods and services. The Bank of England targets 2% inflation.

In addition to rising bills, workers will have to pay more National Insurance starting Wednesday, April 6, as an increase in tax is implemented.

From April 6, the national insurance payments increased by 1.25 percent, from 12.5% to 13.25%.

At the moment, you pay National Insurance on earnings above £9,568 a year but the threshold for when you start paying is rising to £9,880 from next week.

The rate at which you start paying will then rise again to £12,570 – but not until July 6 – meaning more low income workers will keep more pay in their pockets, although not for a few months yet.

This will help to save the “typical employee” around £330 a year and will benefit almost 30 million working people, according to HM Treasury.

According to the report, 70% of people who pay National Insurance will be paying less starting July. However, 2.2 million people will not pay any.

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