Real living wage announcement brought forward
30 May 2022
The Living Wage Foundation has confirmed that its yearly announcement of the real living wage will be brought forward from November to September. This will be due to the rising cost-of-living and inflation.
The Living Wage Foundation encourages employers to pay their employees based on the minimum cost of living rather than legislated minimums. Pay rates are calculated on actual living costs and announced on a yearly basis. Currently the real living wage is set at £9.90 per hour and £11.05 for workers in London, whilst the national living wage set by the government is £9.50. Over 10,000 employers have accreditation from the Living Wage Foundation for voluntarily paying the real living wage.
Low paid workers are the ones most affected by the current inflation rates. The earlier announcement will result in pay rises being processed earlier so that the support can reach many of those who need it the most, sooner rather than later.
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