John Lewis bonus falls to 10 per cent - but still gets a big cheer

Staff at British retailer John Lewis rea
It's the biggest event of the year for John Lewis staff (Source: Getty)

John Lewis Partnership staff gave a huge cheer this morning as the retailer revealed this year's bonus stood at 10 per cent - down on last year's 11 per cent boost.

More than 91,000 JLP partners - who work for both the eponymous department store and Waitrose - applauded as the figure was revealed from a giant envelope at the Oxford Street flagship this morning.

That's equivalent to five weeks' pay, chairman Charlie Mayfield said.

Karen Lord, managing director of the branch, said both businesses had experienced a "challenging year" but still managed to gain market share.

Read more: Here's how much John Lewis paid as a bonus, from 1918 to the present day

It is the most eagerly anticipated announcement of the year for those who work in the company, and previous years has seen figures pulled out of the envelope go well into the high teens.

Ever wondered how that bonus has changed over the years? Here's how it compares over the last century.

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