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'Real living wage' rises to £9 an hour | |
(about 11 hours later) | |
Those lucky enough to work for an employer who has voluntarily signed up to the "real living wage" are set for a 2.8% pay rise this week. | |
For the first time they will receive £9 an hour. | For the first time they will receive £9 an hour. |
This is not to be confused with the compulsory National Living Wage, which is currently £7.83 an hour for anyone over the age of 25. | This is not to be confused with the compulsory National Living Wage, which is currently £7.83 an hour for anyone over the age of 25. |
Real living wage employers in London will pay an extra 3.4%, bringing the minimum hourly rate to £10.55. | |
The rate is independently calculated, to reflect what people need to spend to feed, clothe and house themselves. | The rate is independently calculated, to reflect what people need to spend to feed, clothe and house themselves. |
Some 4,700 employers across the UK are signed up to the agreement, including large companies including IKEA, Aviva, Nationwide Building Society and Google. | Some 4,700 employers across the UK are signed up to the agreement, including large companies including IKEA, Aviva, Nationwide Building Society and Google. |
They have to pay the real living wage not just to their staff, but to any sub-contractors as well. | |
About 180,000 employees will qualify for the pay rise. | |
National Living Wage v real living wage | |
"Employers that pay the real living wage enable their workers to live a life of dignity, supporting them to pay off debts and meet the pressures of rising bills," said Living Wage Foundation director Tess Lanning. | |
"We want to see local councils, universities, football clubs, bus companies and the other major public and private sector employers in every city commit to become real living wage employers." | |
However research published over the weekend suggests the Living Wage Foundation is fighting a losing battle. | However research published over the weekend suggests the Living Wage Foundation is fighting a losing battle. |
The accountancy firm KPMG found that 22% of jobs now pay less than the real living wage - up from 21% in 2017. | |
It said 5.75 million workers earned less than the real living wage, up from 4.87 million five years ago. |
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