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Voluntary living wage rate increases by 2.4%

The UK voluntary living wage rate is to rise by 20p to £8.45 an hour.

The voluntary living wage is promoted by the Living Wage Foundation and is distinct from the statutory National Living Wage.

The Mayor of London, Sadiq Khan, has announced that the rate will rise by 35p to £9.75 an hour for London residents.

Nearly 3,000 businesses, including companies such as IKEA, have previously signed up to the scheme.

In 2015, Oliver Bonas was the first high street company to be accredited as a living wage employer (see Legal update, Employment news round-up for week to 3 September 2015: First high street retailer has been accredited as a living wage employer).

Other organisations, including RSA Insurance, the British Library, Curzon Cinemas and Everton FC have now announced a commitment to pay the living wage.

Source: BBC: Living wage rate increased by 20p an hour (31 October 2016).

This article was originally published on www.practicallaw.com on 3 November 2016 and is reproduced with the permission of Thomson Reuters.

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