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M&S’s Rowe rejects MPs' pay freeze demand

Chief executive of Marks & Spencer Steve Rowe has rejected Labour MPs’ call to accept a three-year pay freeze.

Steve Rowe

Steve Rowe

In a letter seen by The Mail on Sunday, Rowe said he and his fellow executive directors will not take a pay increase next year but refused to commit to a three-year pay freeze.

Commenting on the changes to pay for some staff members he said: “For those who would see a reduction in total pay as a result … top-up payments will ensure nobody is worse off in the first two years.”

The request was signed by more than 70 MPs, including campaign organiser and Labour MP Siobhain McDonagh.

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