Real Living Wage Foundation announces new rates
22 September 2022
The Real Living Wage Foundation has today (22 September 2022) announced the new hourly rates for the Real Living Wage. Across the UK the rate will be £10.90, a £1.00 rise, and £11.95 in London, an uplift of 90p.
This increase of 10.1% is the largest in the foundation's history and marks the hourly rate at £1.40 above the National Living Wage of 9.50 for those aged 23 and over.
The announcement of these rates was due in November but was brought forward in response to the rapidly increasing cost-of-living. The foundation calculates the rate from the real cost-of-living facing lower earners across the UK.
The voluntary living wage rates, used by over 11,000 employers, are to be implemented as soon as possible, but by 14 May 2023 at the latest. This should affect over 390,000 living wage workers.
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. Today’s new rates will provide hundreds of thousands of workers and their families with greater security and stability during these incredibly difficult times.
“We are facing unprecedented challenges with the cost-of-living crisis, but businesses continue to step up and support workers by signing up to the Living Wage in record numbers. We know that the Living Wage is good for employers as well as workers, that’s why the real Living Wage must continue to be at the heart of solutions to tackle the cost-of-living crisis.”
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