Employers have been urged to support staff with their living costs, as the real living wage has increased by 10.1 per cent, the largest yearly increase in the 11 years that it has been calculated by the Living Wage Foundation.
As of today, the UK living wage – which employers voluntarily sign up to rather than being mandatory – for outside London has gone up to 10.90 per hour, while for London the figure is 11.95 per hour. These are increases of 1 and 90p per hour respectively.
The figures for the living wage are calculated annually by the Resolution Foundation and overseen by the Living Wage Commission, and are based on what people need to live on.
Full-time workers on the real living wage stand to earn 2,730 more per year than those on the government-set national living wage (9.50 per hour for over 23-year-olds). And through this year’s increase in pay, they stand to earn 1,950 more than they currently earn.
Real living wage workers in London, meanwhile, could earn 4,777.50 more per year than workers on the national living wage.
Katherine Chapman, director of the Living Wage Foundation, said the real living wage was more vital than ever going into the winter, but businesses have stepped up to the challenge in record numbers. “The living wage is good for employers as well as workers – that’s why the real living wage must continue to be at the heart of solutions to...
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