Dec 2019
11
New Living Wage Rates Announced
The Living Wage Week ran from 11th to 17th November 2019 and as part of this week, the new Living Wage rate details were revealed on Monday 11th November 2019. The Mayor of London announced the London rate for the Living Wage whereas the UK rate is announced countrywide at the same time.
The UK Living Wage rate has increased by 30p per hour to £9.30, an increase of 3.3%.
The new London Living Wage, announced by the Mayor of London, Sadiq Khan, has increased by 20p from £10.55 to £10.75 per hour. This is a 1.9% increase and this rate is £2.54 higher than the legal minimum wage set by the Government. This helps reflect the higher cost of living facing families in the city.
There are now 1,700 London Living Wage accredited employers in London such as London City Airport and Crystal Palace Football Club. With this increase, London full time employees who receive the Living Wage will be almost £5,000 better off than other employees in London on the minimum wage.
According to the Trust for London, almost 20% of employees in London are paid less than the Living Wage which include 60% of jobs in the hotel and restaurant sector and 40% in the retail sector.
For information about the Living Wage Foundation and Living Wage Week visit the Living Wage Foundation website.
