On 24th October 2023 the Living Wage Foundation announced that the Real living wage increases to £12 in UK and £13.15 in London.
- 10 Increase in the real living wage as cost of living continues to hit low paid workers the hardest.
- Ober 460,000 Living Wage worker are set for a pay boost as 14,000 living wage employers are signed up to pay new rates.
- The new real living wage rates are now worth £3,000 more per year in the UK than the minimum wage and over £5000 more in London.
- £3bn in extra wages has gone to low paid workers since 2011.
The real living wage vs the ‘National living wage’ – the difference
Unlike the Government minimum wage (National living wage for over 23s – £10.42) the real living wage is the only wage rate independently calculated based on rising living costs and applies to everyone over 18.
For more information on the Reak living wage, and to find out how offering this to your employees could help your workforce, please look at the Living Wage foundation website.
Living Wage Employers | Living Wage Foundation
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