Voluntary London Living Wage increased to £9.75 an hour
The Mayor of London Sadiq Khan has announced that the new voluntary London Living Wage has increased from £9.40 to £9.75 per hour to reflect the higher cost of living in the city.
This year over 300 more London-based employers have signed up to pay their staff the hourly rate, bringing the number of London Living Wage employers to nearly 1,000.
The UK rate has increased by 2.4% from £8.25 to £8.45. This is 17% higher than the government minimum for over 25s which is £7.20 per hour.
Nearly 1,000 employers have signed up since Living Wage Week last year bringing the total number of accredited Living Wage organisations to nearly 3,000.
The announcements come after new research published by KPMG showed that one in five people are still paid less than the real Living Wage.
Khan said: “It’s great news that London is leading the way in paying the Living Wage and that over 1,000 businesses are now accredited and helping to make this a fairer and more equal city. I’m glad to say we’re well on track to see it rise to over £10 an hour during my mayoralty, but we need to go further and for many more businesses and organisations to sign up.
“The London Living Wage is a fantastic campaign and I will be working to encourage more businesses across our great city to get involved. This will not only help London become a city where it’s a badge of pride for employers to pay the London Living Wage, but help us become a city where everyone benefits from the capital’s success.”
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