![]() Today’s new rates will provide hundreds of thousands of workers and their families with greater security and stability during these incredibly difficult times. Katherine Chapman, Living Wage Foundation Director, said: “With living costs rising so rapidly, millions are facing an awful “heat or eat” choice this winter- that’s why a real Living Wage is more vital than ever. Research published last week by the Living Wage Foundation found that over the past 6 months more workers are skipping meals and using food banks than ever before. There are 4.8m workers paid less than the real Living Wage. There are now also 39 Living Hours employers, including abrdn, Aviva, and West Brom Building Society, going beyond payment of the real Living Wage to also provide a guaranteed minimum of 16 hours work a week, a month’s notice of shift patterns and a contract that reflects hours worked. They join half of the FTSE 100 companies, household names like Aviva, Everton FC, Ikea, Burberry and Lush as well as thousands of small businesses, who are choosing to pay the real Living Wage to provide workers and families with greater security and stability. Major new Living Wage employers announced during that time include the Royal Albert Hall, Aston University, and the Excel Centre. Over the past two years the Living Wage movement has continued to grow, with the number of Living Wage employers more than doubling. The Living Wage movement continues to grow In London, a full-time worker on the new real Living Wage rate would earn an additional £4,777.50 a year compared to a worker on the current NLW. A full-time worker earning the new, real Living Wage would earn £2,730 a year more than a worker earning the current government minimum (NLW), and £1,950 more than their current pay. Unlike the Government minimum wage (‘National Living Wage’ for over 23s - £9.50) the real Living Wage is the only wage rate independently calculated based on rising living costs. The new Living Wage rates and the ‘National Living Wage’ - know the difference New research from the Cardiff Business School shows that Living Wage workers have benefitted from more than £338m in extra wages since the start of this year alone, with one in 10 employees now working for an accredited Living Wage Employer. This year the rate increased by 10.1% in the UK, more than ever in the Living Wage Foundation’s 11-year history reflecting sharp increases in living costs. The real Living Wage rates remain the only wage rates independently calculated based on what people need to live on. This year’s Living Wage rates have been brought forward in recognition of the sharp increase in living costs over the past year. Almost 400,000 people working for over 11,000 real Living Wage Employers throughout the country are set for a vital cost-of-living pay boost, as the new Living Wage rates rise to £10.90 an hour across the UK (£1 increase), and £11.95 an hour in London (90p increase), supporting workers and families.
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