London Living Wage Increased by Mayor
Boris Johnson, the Mayor of London, today announced an increase to the London Living Wage – to £7.85 an hour, a rise of 25p.
Nearly 100 organisations across London, including leading private sector employers like Barclays Bank, KPMG, HSBC and Pricewaterhouse Coopers (PWc) as well as several London boroughs have implemented the London Living Wage since it was first introduced in 2005.
The Mayor has written to major employers across the capital outlining the business case and social benefits of implementing the London Living Wage and urging them to pay this figure.
Announcing the new London Living Wage at City Hall today, Boris Johnson said:
‘I am determined to ensure that London remains an international, diverse, competitive and socially cohesive city. The capital relies on the work of many who carry out the city’s essential functions on a daily basis – from office cleaners to care-workers in social services. It is right that their skills and commitment to London’s success are recognised, and one of the most fundamental ways of doing this is to ensure that all Londoners are paid properly. That means receiving at least the London Living Wage, which is designed to combat poverty and also ensure that people are better off in work than out of work.
‘The success of the London Living Wage depends on the extent of its acceptance by employers. There are huge benefits to employers and society of implementing the London Living Wage and today I urge all employers in the capital to follow the GLA’s lead and pay a fairer wage.’