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The UK’s living wage is going to increase by 10%, providing more than 460,000 workers with a pay boost, the Living Wage Foundation has announced.
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This will see real Living Wage rates rise to £12 an hour across the UK – an increase of £1.10 – while those based in London will see their wages rise by £1.20 to £13.15 an hour. The move means a real living wage earner will be taking home £3,081 more than those on the government’s minimum wage of £10.42 an hour.
All this comes as recent polling of those earning below the real Living Wage from the campaigning organisation shows that 60% have visited a food bank in the past year and 39% are regularly skipping meals for financial reasons.
Living Wage Foundation director Katherine Chapman said: “As inflation eases, we cannot forget that low paid workers remain at the sharp end of the cost-of-living crisis.
“Paid workers continue to struggle with stubbornly high prices because they spend a larger share of their budget on food and energy. These new real Living Wage rates are a lifeline for the 460,000 workers who will get a pay rise.
“During these tough economic times, it is heartening that record numbers of employers are signing up to join the Living Wage movement, protecting everyone who works for them – including cleaners -from rising prices and seeing the benefits of a more motivated and engaged workforce.
“The real Living Wage has never been more important and we encourage those who can to join the 14,000 Living Wage employers across the UK who are committed to always pay a wage that covers the cost of living.”
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