The Living Wage Foundation announces new UK Living Wage hourly rate of £9 per hour, an increase of 25p per hour.
London Mayor announces new London Living Wage of £10.55 per hour, an increase of 35p per hour.
Over 180,000 workers are set for a pay boost.
The UK rate is £1.17 per hour more than the government minimum wage (for over 25s) and the London Living Wage is £2.72 higher.
Over 4,700 Living Wage employers across the UK including over 1,500 in London.
New research finds that £809,000,000 in extra wages has gone to low-paid workers because of the Living Wage movement, with almost £200m extra received in the past year alone.
At least 180,000 people that work for real Living Wage employers across the country are set for a pay rise as the new Living Wage rates rise to £9 around the UK, and £10.55 in London.
The UK rate has increased by 25p from £8.75 to £9 with the London Living Wage rising by 35p an hour from £10.20 to £10.55 an hour.
The Living Wage rates are the only rates independently calculated based on what people need to live in the UK and London. The 2018 increases have been largely driven by higher transport costs, private rents and council tax feeding through to the basket of goods and services that underpin the rates.
The announcements come after research published yesterday by KPMG found over a fifth of jobs pay less than the real Living Wage, with 1.2 million more jobs paying below the Living Wage since 2012.(1)
The Living Wage Foundation is calling on all major employers to help tackle this rising problem of low pay by committing to go beyond the government minimum and pay a wage their staff can really live on. Research for the Living Wage Foundation published today found that if local authorities, universities and sports facilities (including football clubs) in towns and cities across the country signed up to the Living Wage, an additional 480,000 low paid workers could benefit.