Mayor announces increase in Living Wage
The Mayor of London, Boris Johnson, has announced that he is increasing the London Living Wage to £7.85 per hour, a rise of 25p. The rise represents an increase of 3.3 per cent on last year's figure, and an overall increase of 17 per cent since the London Living Wage was introduced in 2005 at £6.70 per hour.
The GLA today also published the Living Wage Unit's Sixth Annual Report 'A Fairer London: The 2010 Living Wage in London'. The report identifies what a Living Wage in London should be as the cost of living in the capital is higher than the rest of the UK.
The London Living Wage is designed to provide a minimum acceptable quality of life.
In addition, this year, four major employers have signed up to pay the London Living Wage. They are Deloitte, Nomura, Prudential and Standard Chartered. The Mayor has written to major employers across the capital outlining the business case and social benefits of implementing the London Living Wage and urging them to pay this figure.
Trust for London has invested £1 million in a special initiative to increase the number of people being paid a living wage in the capital. Find out more about the London Living Wage special initiative.
Download A Fairer London report.
Find out more about in-work poverty in London.
Posted on 10 June 2010
Further pages
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