Keeping you up to date on the latest accounting and tax issues

New Living Wage rates announced

The new Living Wage rates for London and the rest of the UK have now been published. Unlike the National Minimum Wage and the National Living Wage, however, the real Living Wage is voluntary.

The new rates, which are independently calculated each year, are as follows:

Compared with Minimum Wage rates (over 25’s), the Living Wage for London is £2.70 more per hour and the UK rate is £1.25 more. Higher inflation, rising rents and mounting transport costs are largely responsible for the recent increases.

Across the UK, over 3,600 employers pay the real Living Wage already. This means their employees can benefit from take home wages that reflect the true cost of living. Since Living Wage Week 2016, over 1,000 employers signed up including big names like IKEA, Nationwide and Google.

Living Wage Week aims to raise awareness of the considerable difference that earning the Living Wage can make to people’s lives. It also aims to inspire more employers and employees to join the campaign against low pay.

You can find out more about Living Wage Week here.
Share this article:Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedIn

Leave a Comment

Your email address will not be published. Required fields are marked *




Contact Us

Our Offices

Bedfordshire (Biggleswade)
Brigham House, 93 High Street, Biggleswade, Bedfordshire, SG18 0LD
Tel: 01767 315010

Hertfordshire (Letchworth)
Unit 1b, Focus 4, Fourth Avenue, Letchworth Garden City, Hertfordshire, SG6 2TU
Tel: 01462 708810

Cambridgeshire (Huntingdon)
St George’s House, George Street, Huntingdon, Cambridgeshire, PE29 3GH
Tel: 01480 426500
© 2017 George Hay