The living wage, generally considered to be the minimum amount needed to live decently in the UK is a voluntary pay benchmark and one that more and more companies are adopting even though it is set to rise by 5.1%. However the country has a great number of poor workers with almost six million earning less than the living wage rate.
Currently set at £7.85 an hour (€10.90) the living wage is set to rise to £8.25 (€11.50), the Living Wage Foundation that promotes this wage rate among businesses announced on Monday 02 November. In London where the living wage rate is higher to cater for the higher cost of living there, the rate will rise 2.7% from £9.15 (€12.80) to £9.40 an hour (€13.10). These levels are well in excess of the current minimum wage (£6.70 (€9.30)) and the upcoming minimum wage for the under 25s (£7.20 (€10.00)
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