New Living Wage rates announced

05 November 2018

180,000 people across the country are set to get a pay rise as the new Living Wage rates were announced.

The UK rate has increased by 25p from £8.75 to £9 an hour with the London Living Wage rising by 35p from £10.20 to £10.55 an hour.

The Living Wage rates are the only rates independently calculated based on what people need to live in the UK and London.

According to the Living Wage Foundation, the 2018 increases have been largely driven by higher transport costs, private rents and council tax feeding through to the basket of goods and services that underpin the rates.

It is different to the Government’s National Living Wage. The National Minimum Wage is a statutory minimum for over 25’s that all employers have to pay and is currently £7.83.

The real Living Wage is a voluntary rate based on the best available evidence about living standards in London and the UK. It applies to all workers over the age of 18 – recognising that young people face the same living costs as everyone else.

More than 1,200 employers have signed up to go beyond the government minimum to pay the real Living Wage in the last year, including companies as diverse as Liverpool FC, University of Bristol, Sheffield City Region and Aberystwyth University.

Over 4,700 employers across the UK are Living Wage employers, including over a third of the FTSE 100, household names like IKEA, Aviva, Nationwide and Google.

 

To find out more about the Trust's involvement with the Living Wage movement, click here

To read more about the Living Wage Foundation, click here

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