The ‘living wage’ has been increased by 20 and 25 pence respectively an hour so that it now stands at £7.65 (€8.57) outside London and £8.80 (€10.40) in London. The higher increase (as well as higher level) is paid in London to reflect higher costs of living in the capital. This makes the ‘living wage’ some £1.30 to £2.60 (€1.54 to €3.07)higher than the national minimum wage of £6.31 (€7.46) per hour (for those over 21 years of age). National minimum has the force of law behind it while the ‘living wage’ is a voluntary arrangement. 433 employers have formally agreed to pay the ‘living wage’. (Ref. 130674)
A total of 433 employers have formally agreed to pay the ‘living wage’ as accredited by the Living Wage Foundation. Their numbers include Legal and General, KPMG, Barclays, Aviva, Deloitte, ISS, Oxfam, Pearson, the National Portrait Gallery and First Transpennine Express, as well as many smaller businesses, charities and town halls. 41 percent of employers are in the private sector and 46% of employers are based in London. The total of 433 represents a rise of 78 employers from last year. Toget
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