Close Menu
  • News
  • Home
  • In Profile
  • Finance
  • Legal
  • Technology
  • Events
  • Features
  • Well Being
  • Marketing
  • HR & Recruitment
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
X (Twitter) LinkedIn YouTube
Trending
  • Developing an AI use policy
  • 3 learnings for SMEs from Climb24, the UK’s festival of innovation
  • Protect your start-up with a simplified shareholders’ agreement
  • Employment Expert Warns of TikTok Career Trends’ Negative Impact: Are Workplaces Falling Short?
  • Simply Asset Finance secures £120m loan facility from Bank of America
  • Campers acknowledges the impact of the North West adoption programme
  • Empowering ESMBs with Cutting-Edge Solutions: An Interview with Giovanni Crispino, Head of EMEA ESMB at Salesforce
  • Louise Hunt Skelley Ply And Samanta Bullock Launch A New Era Of Disability Advocacy
X (Twitter) LinkedIn YouTube
SME Today
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
  • News
  • Home
  • In Profile
  • Finance
  • Legal
  • Technology
  • Events
  • Features
  • Wellbeing
  • Marketing
  • HR & Recruitment
SME Today
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
You are at:Home»News»Real living wage increases to £9.50 in uk and £10.85 in London as cost of living rises
Living Wage Rates

Real living wage increases to £9.50 in uk and £10.85 in London as cost of living rises

0
Posted By sme-admin on November 9, 2020 News

Over 250,000 people working for almost 7,000 real Living Wage Employers throughout the country are set for a vital pay boost as the new Living Wage rates rise to £9.50 across the UK (20p increase), and £10.85 in London (10p increase), supporting workers and families through the pandemic. The Living Wage rates are the only rates independently calculated based on what people need to live on.

Over 800 more employers have accredited with the Living Wage Foundation since the start of the pandemic, with major new names including Tate and Lyle Sugars, Network Rail, the All England Lawn Tennis Club (The Championships, Wimbledon), Capital One.  

These organisations join a network of almost 7,000 employers across the UK, including two-fifths of the FTSE 100 companies, household names like Aviva, Nationwide, Everton FC, and Brewdog, as well as thousands of small businesses, who are choosing to pay the real Living Wage to ensure all staff earn a wage that meets the real cost of living, and covers everyday needs.

Research conducted by Cardiff Business School has demonstrated the significant impact of the Living Wage campaign since the start of the pandemic. Over 250,000 workers have benefitted from an additional £200 million since the start of lockdown, including 130,000 key workers. Since 2011 over £1.3bn in extra wages has gone to workers and families through the Living Wage.

The UK rate is 78p per hour more than the government minimum wage (for over 25s) and the London Living Wage is £2.13 per hour higher. A full-time worker paid the new £9.50 real Living Wage will receive over £1,500 in additional wages annually compared to the current Government minimum. For a full-time worker in London this figure rises to over £4,000. The announcement comes as new research by the Living Wage Foundation has demonstrated the scale of low pay during the pandemic, with 5.5 million jobs (20.3% of employee jobs) still paying less than the real Living Wage. Northern Ireland had the highest proportion of jobs paying below the Living Wage (25.3%) and Scotland the lowest (15.2%).Laura Gardiner, Living Wage Foundation Director, said:“It’s an incredibly challenging time for us all, but today’s new Living Wage rates will give a boost to hundreds of thousands of UK workers, including thousands of key and essential workers like cleaners, care workers, and delivery drivers who have kept our economy going.  Since the start of the pandemic employers have continued to sign up to a real Living Wage. During Living Wage Week it’s right that we celebrate those employers that have done right by workers and families, providing them with much needed security and stability even when times are hard. These are the employers that will allow us to recover and rebuild from this crisis.”  

Oliver, a delivery rider at e-cargobikes.com, said: 

“Earning a Living Wage means I am able to support a household, including my partner, and takes a huge load from my shoulders. To be employed by an organisation that not only treats people with respect but backs that up with decent pay means that I feel valued in a way that no other flexible work has provided. The psychological benefit of this will extend further than me and reminds me that I work for a company that sees further than the person as an employee, but also sees their capacity to contribute to wider society when treated fairly.” 

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Developing an AI use policy

Employment Expert Warns of TikTok Career Trends’ Negative Impact: Are Workplaces Falling Short?

Simply Asset Finance secures £120m loan facility from Bank of America

Comments are closed.

Follow SME Today on Linkedin and share all the topics you find interesting

The Newsletter

Join our mailing list to receive the latest news and updates from SMEToday
Read our Latest Newsletter:

Sign Up
Events Calendar
    • Marketing
    June 27, 2024

    Empowering ESMBs with Cutting-Edge Solutions: An Interview with Giovanni Crispino, Head of EMEA ESMB at Salesforce

    June 24, 2024

    Why Human Storytelling is Vital for Every Startup Marketing Strategy

    • Finance
    June 28, 2024

    Simply Asset Finance secures £120m loan facility from Bank of America

    June 19, 2024

    Do You Need To Insure Your Side Hustle?

    • Health & Safety
    April 15, 2024

    Careless Driving Habits Common Practice Among Motorists

    March 20, 2024

    Cleaning stairs, climbing ladders and changing light bulbs: which of these activities are allowed under health and safety rules?

    The Great British Expos 2024
    The Great British Expo's
    • Events
    June 18, 2024

    Get the Most Out of Your Ideas with IP. BWR IP Seminar

    June 3, 2024

    Nicola Peake Launches Peakefest to Inspire and Rejuvenate Business Founders

    • Community
    June 24, 2024

    Festivals Unite to Launch National Green Events Code

    May 10, 2024

    Breast Cancer Consultant Dr Hugo De La Pena Has Raised More Than £10,000 For Cancer Research

    • Food & Drink
    May 24, 2024

    Devon distillery raises a glass to future growth with £100k funding deal

    May 13, 2024

    Sussex mum toasts success as small business grows

    • Books
    March 5, 2024

    No Silver Bullet: Bursting the bubble of the organisational quick fix

    January 12, 2024

    Top lessons all entrepreneurs can learn from the boy who survived the wild

    About

    SME Today is published by the same team who deliver The Great British Expos’. We have been organising various corporate events for the last 10 years, with a strong track record of producing well managed and attended business events across the UK.

    Join Our Mailing List

    Receive the latest news and updates from SMEToday.
    Read our Latest Newsletter:


    Sign Up
    X (Twitter) YouTube LinkedIn
    Most Recent Posts
    July 2, 2024

    Developing an AI use policy

    July 2, 2024

    3 learnings for SMEs from Climb24, the UK’s festival of innovation

    July 1, 2024

    Protect your start-up with a simplified shareholders’ agreement

    June 28, 2024

    Employment Expert Warns of TikTok Career Trends’ Negative Impact: Are Workplaces Falling Short?

    June 28, 2024

    Simply Asset Finance secures £120m loan facility from Bank of America

    Categories
    • Books
    • Community
    • Education and Training
    • Environment
    • Events
    • Features
    • Finance
    • Food and Drink
    • Health & Safety
    • HR & Recruitment
    • In Profile
    • Legal
    • Marketing
    • News
    • Property & Development
    • Sponsored Content
    • Technology
    • Transport & Tourism
    • Well Being
    Copyright © 2024 SME Today.
    • ABOUT SME TODAY: THE GO TO RESOURCE FOR UK BUSINESSES
    • Privacy
    • Contact

    Type above and press Enter to search. Press Esc to cancel.