"The rate is voluntary but is paid by about 4,000 firms in the capital including half of the FTSE 100 companies - to ensure all staff aged 18 or older earn a basic minimum that keeps pace with the cost of living. The new rate is up 95p an hour on the 2024/25 rate of 13.85 an increase of 6.9 per cent."
"This almost seven per cent increase in the London Living Wage will make a huge difference to more than 150,000 hard-working Londoners. Since I've been mayor there's been a seven-fold increases in employers paying the London Living Wage and an almost 60 per cent increase in the London Living Wage. Transport for London, Ikea, Uniqlo, Shakespeare's Globe, West Ham FC, the London Fire Brigade, the Greater London Authority and the law firm Linklaters are among the employers that pay the London Living Wage."
The London Living Wage has risen to 14.80 an hour, a 95p (6.9%) increase on the 2024/25 rate of 13.85. The rate is voluntary and is paid by about 4,000 firms in the capital, including many large employers, to ensure all staff aged 18 or older earn a minimum that keeps pace with living costs. The National Living Wage for over-21s remains 12.21 an hour, leaving London Living Wage recipients with 5,050 more a year than the legal minimum. More than 150,000 low-paid Londoners are expected to benefit. Unions say many NHS low-paid staff still earn less, with a current minimum of 12.51 in England. Living Wage calculations cover rent, energy, childcare, transport and basic emergency savings. Not all employers apply increases immediately. Research by the Living Wage Foundation found 42 per cent of low-paid workers used foodbanks in the past year.
Read at www.standard.co.uk
Unable to calculate read time
Collection
[
|
...
]