London Living Wage increase announced

The annual uplift in the London Living Wage rate was announced yesterday. It is now £8.80 an hour.  This figure is an hourly rate that is independently calculated by the GLA’s Living Wage Unit, with cross-party support.  It is updated every year by calculating a ‘poverty threshold wage’ and adding a 15 percent margin to ensure that the recipients do not fall to the level of poverty wages. Why is this important?  Data from the latest London’s Poverty Profile shows that low pay and in-work poverty are increasing: the percentage of jobs paid below than the LLW was about 13% between 2005 and 2012 but by 2012 it reached 17%; the majority (57%) of working-age adults and children in poverty in London are from working families.
Find out more from the Living Wage Foundation.

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