United Kingdom living wage rises to £8.75 per hour
Nov 08 2017
When the rate was increased to £9.75 past year, Glanville said: "We have worked hard to ensure that all staff that work for the council are paid the London Living Wage, which is a fair salary to help meet the cost of living in our borough".
The wage increase is above the Government's living wage, which is set at £7.50 for employees over the age of 25 years.
They are different to the government's compulsory National Living Wage, which is now set at £7.05 for under 25s and £7.50 an hour for over 25s.
Lidl has announced that it will be increasing wages of more than 16,000 of its employees next year, as a result of a bump in the living wage.
"The new living wage rates will bring relief for thousands of United Kingdom workers being squeezed by stagnant wages and rising inflation", Chapman said.
The voluntary UK Living Wage has increased by 30p from £8.45 to £8.75 an hour while the London Living Wage has risen by 45p from £9.75 to £10.20 an hour.
Data from Kantar Worldpanel found Lidl increased its market share to a new record high of 5.2 per cent with sales rising 19.9 per cent in the 12 weeks to August 13.
"Great businesses know that, even during these tough times, not only is fair pay the right thing to do but paying the real Living Wage brings big benefits".
Unlike the national minimum wage, the living wage is an hourly rate of pay set independently and updated annually that is calculated with reference to the basic cost of living in the UK.
The wage rise comes into effect from today, but employers will have their own "phase in period" for the change, according to the Living Wage Foundation.
Sadiq Khan, the mayor of London, said he was delighted that the London living wage had risen above £10, but low pay and inequality remained problems in the capital. They struggle to pay the rent.
Katherine Chapman, the director of the Living Wage Foundation, said the increase in the living wage was driven by inflation, now running at 3%, and the increased cost of household goods, rents and transport.
"I want to make sure that no one who goes to work every day should have to endure the indignity of poverty".
Sadiq Khan added: "Paying the London Living Wage is not only the action of a responsible organisation, but a successful one too".