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National World - LocalTV
  • 24/10/2024
More than 140,000 Londoners will receive a 5.3% pay rise as the London Living Wage is increased to £13.85 an hour.

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00:00More than 140,000 Londoners will receive a 5.3% pay rise as the London Living Wage is
00:07increased to £13.85 an hour. The special wage created by the charity Living Wage Foundation
00:15is based on the independent calculations of what people need to afford their cost of living.
00:22About 3,500 employers in the capital are signed up to the voluntary scheme. Catherine Chapman,
00:28director of the Living Wage Foundation, said the new rate, which has increased by 70p from
00:34£13.15, would make a massive difference to workers. Across the rest of the UK, the real
00:41living wage rate rose by 5% to £12.60. This is separate to the government's national
00:47living wage. A full-time worker on the London Living Wage will now earn £4,700 extra across
00:54the year compared with someone on the national living wage.

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