The Mayor of London Sadiq Khan has announced that the new London Living Wage has increased from £9.40 to £9.75 per hour to reflect the higher cost of living facing families in the city – an increase of 3.7 per cent. This year over 300 more London-based employers have signed up to pay their staff the hourly rate required to make ends meet in the capital, bringing the number of London Living Wage employers to nearly 1000.
The UK rate has increased by 2.4 per cent from £8.25 to £8.45. This is 17 per cent higher than the government minimum for over 25s which is £7.20 per hour. And in total, nearly 1,000 employers have signed up since Living Wage Week last year bringing the total number of accredited Living Wage organisations to nearly 3000.
New household names announcing their commitment to pay the real Living Wage include Everton Football Club, the British Library, RSA Insurance Group, Curzon Cinemas and law firm DLA Piper International. They join employers across the UK like IKEA, Majestic Wine, National ExpressBus and EDF Energy. The announcements come after new research published by KPMG yesterday showed that 1 in 5 people are still paid less than the real Living Wage.
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