Hike in living wage set to benefit thousands of Londoners
PUBLISHED: 12:18 31 October 2016
Mayor hails progress towards “fairer and more equal city”
Thousands of Londoners are to see a welcome rise in their pay packets after mayor Sadiq Khan announced a hike in the Living Wage today.
The London Living Wage is to increase by 3.7 per cent from £9.40 to £9.75, giving a boost to workers faced with an ever-mounting cost of living in the capital.
Another 309 employers have signed up to pay their staff the capital’s hourly rate over the last 12 months, bringing the total number of accredited businesses in London to 1,033.
The mayor said: “It’s great news that London is leading the way in paying the Living Wage and that over 1,000 businesses are now accredited and helping to make this a fairer and more equal city.
“I’m glad to say we’re well on track to see it rise to over £10 an hour during my mayoralty, but we need to go further and for many more businesses and organisations to sign up.
“Our economy continues to grow and for the first time in London’s history we now have over one million businesses based here. It’s essential that hard-working Londoners, who keep this city going, are rewarded for their integral role in this success.”
Since 2011 the London Living Wage has increased by 17.5 per cent, and more than 60,000 workers in the capital have benefited from the rise.
The British Library, IKEA, Majestic Wine, Lloyds TSB and London’s Borough Market are among the high-profile brands to sign up to the policy during the past year.
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