finance
monthly
Personal Finance. Money. Investing.
Contribute
Newsletter
Corporate

Increases In Real Living Wage Rates Announced In UK

Over 300,000 workers in the UK are to receive a pay increase after higher rates for the Real Living Wage were announced. The Real Living Wage is a voluntary rate paid by thousands of employers across the country.

Posted: 15th November 2021 by Finance Monthly
Share this article

In London, the new hourly rate will stand at £11.05, while the new wage outside the capital will be £9.90. 

The Living Wage Foundation, responsible for setting the rates, said that almost 9,000 employers in the UK now pay the wage which is higher than the statutory National Living Wage of £8.91 per hour for adults. This will increase to £9.50 in April 2022. Since the launch of the Living Wage Foundation’s campaign two decades ago, employees receiving the higher rate have benefited from over £1.6 billion in extra wages. 

The foundation confirmed that new employers signing up to pay higher rates to staff include companies such as Fujitsu, Taylor Wimpey, Persimmon Homes, and Capita. Since the onset of the Covid-19 pandemic, over 3,000 employers have been accredited with the Living Wage Foundation. However, the foundation said that 4.8 million jobs in the UK still pay less than the Real Living Wage

About Finance Monthly

Universal Media logo
Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
© 2024 Finance Monthly - All Rights Reserved.
News Illustration

Get our free monthly FM email

Subscribe to Finance Monthly and Get the Latest Finance News, Opinion and Insight Direct to you every month.
chevron-right-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram