UK workers to receive pay boost with real living wage increase
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Nearly 500,000 workers across the United Kingdom will receive a pay increase as the real living wage rises to £14.10 per hour nationwide, and £15.45 in London.
The Living Wage Foundation calculated the new rates based on the actual cost of essential goods and services like housing, food, and energy. Employers who commit to paying the real living wage, currently close to 17,000 businesses, will see employee earnings increase by more than four percent.
The increase will provide a yearly income boost of over £1,000 for those earning the new real living wage, which is more than £2,700 annually compared to workers earning the government’s national minimum wage of £12.71 per hour for those 21 and over. Companies like Ikea, Uniqlo, and Liverpool Football Club are among the employers already signed up to pay the higher rate.
The Living Wage Foundation, celebrating its 25th year, notes that roughly one in seven UK employees work for an employer committed to the real living wage. Despite the campaign’s success in raising wages, the foundation continues to advocate for employers to adopt the real living wage to address in-work poverty and support workers struggling with the cost of living.
