The Real Living Wage Increases by 10% in London
Quick Facts
- The real Living Wage is increased by 10%.
- The new real Living Wage adds over £5,000 to worker’s annual salaries in London.
- The new rate helps the low-paid workers to tackle rising living costs.
- More than 460,000 workers are set for a pay boost as 14,000 Living Wage employers are signed up to pay the new rates.
- MN Support Services Ltd has increased the staff salary to match London’s Living Wage.
Living Wage Foundation, the institution that independently calculates the real cost of living to provide fair day’s pay to low-paid workers, has announced the increase of the real Living Wage in the UK as well as in London. The pay increase by 10% to £12 per hour across the UK and £13.15 per hour in London. Hourly rates are increased by £1.10 and £1.20 respectively.
There are over 460,000 people working for 14,000 real Living Wage employers all over the UK. Employers signed up with The Living Wage Foundation will increase their staff’s salary every time the new rate is announced.
The new rates rise to £12 per hour across the UK, a £1.10 increase. In London, however, the new rates rise to £13.15 per hour, a £1.20 increase. This 10% increase reflects the persistently high costs for low-paid workers.
The Real Living Wage vs. National Living Wage
The new rates bring an additional £3,081 per year to full-time workers working for a Living Wage employer. In London, full-time workers with the new real Living Wage rates expect to earn an additional £5,323.50 per year.
These figures are compared with the National Living Wage or Government minimum wage, which is currently £10.42 per hour for those over 23 years old.
What is The Real Living Wage
The real Living Wage is the hourly rate calculated independently, and not by the UK government’s National Living Wage, based on the basic cost of living in the UK.
Employers who are recognised as Living Wage employers voluntarily pay their staff and workers the real Living Wage set by the Living Wage Foundation. Since 2011, the real Living Wage impacted over 460,000 workers and employees working for one of the 14,000 Living Wage employers.
About The Living Wage Foundation
The Living Wage Foundation is the only independent institute that calculates the real cost of living for anyone over 18 years old based on various factors and criteria. The Living Wage Foundation began its independent movement in 2011 and aimed to provide real Living Wage rates for businesses and employers who believe hard work should be met with fair pay.
The current real Living Wage calculated by The Living Wage Foundation is £12/hour across the UK and £13.15/hour in London.
What Does it Mean for The Cleaning Industry?
Many commercial cleaning companies in the UK and London are voluntarily paying the rate set by The Living Wage Foundation and their efforts to provide a fair day’s pay for hard work are always recognised by their clients.
Being a Living Wage employee is an essential accreditation when choosing a commercial cleaning company. Make sure to consider relevant accreditation when vetting commercial cleaners for office, school or retail cleaning or other types of commercial cleaning services.
