London Living Wage Rises to £13.85, Supporting 140,000 Workers

The Living Wage Foundation's new rate aims to address the high cost of living in the capital, offering a voluntary pay increase beyond the government's statutory minimum.

• The London Living Wage has been increased by 70p to £13.85 per hour, benefiting over 140,000 workers in the capital.
• The new rate is calculated independently by the Living Wage Foundation and is not mandated by law, unlike the government's National Living Wage of £11.44 per hour for those aged 21 and over.
• Employers have up to six months to adjust to the new rate, which is £4,700 more annually than the statutory minimum for full-time workers in London.
• Approximately 4,000 London employers, including half of the FTSE 100 companies, have voluntarily committed to paying the London Living Wage.
• The increase comes as part of efforts to support low-paid workers facing financial challenges due to the high cost of living and inflation.

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