New London Living Wage announced

2nd of December 2016
New London Living Wage announced

The Mayor of London Sadiq Khan has announced that the new London Living Wage has increased from £9.40 (€11.12) to £9.75 (€11.54) 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 1,000.

The UK rate has increased by 2.4 per cent from £8.25 (€9.77) to £8.45 (€9.99). 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 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.

Sadiq Khan said: "Paying the London Living Wage is not just the right and moral thing to do, it makes good business sense too. As many employers already accredited know, the benefits are clear - including increased productivity and reduced staff turnover.

"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."

Martin Boden, Sodexo corporate services divisional managing director, and member of the Foundations' Recognised Service Provider Leadership Group commented: "Sodexo is committed to promoting the Living Wage within the FM and services industry. For us, it is not only the right thing to do as it improves our employees' quality of life, but also for the benefits it brings to our business, our clients business and wider society.

"We've seen first-hand the difference it can make and as a Recognised Service Provider of the Living Wage Foundation we will continue to promote fair pay and tackle in-work poverty."

Katherine Chapman, director of the Living Wage Foundation added: "The new Living Wage rates bring a welcome pay rise to thousands of workers across the UK. One in five people earn less than the wage they need to get by. That's why it's more important than ever for leading employers to join the growing movement of businesses and organisations that are going further than the government minimum and making sure their employees earn enough to cover the cost of living."

www.livingwage.org.uk

 

Our Partners

  • ISSA Interclean
  • EFCI
  • EU-nited