It has been announced today 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% from £8.25 to £8.45. This is 17% higher than the government minimum wage for over 25s which is £7.20 per hour. There are currently approximately 3,000 employers who have signed up to the Living Wage Rates.
The Mayor of London, Sadiq Khan, announced the new rate for the London Living Wage at the British Library, the latest London employer to commit to ensure staff earn a real Living Wage.