UK Living Wage Update 2014
The UK “living wage” – an hourly rate based on the amount needed to cover the basic costs of living – has been raised by 20p to £7.85 per hour. The London rate will increase to £9.15 per hour.
The voluntary wage – set by the Living Wage Foundation – is now 21% higher than the compulsory National Minimum Wage, which is currently £6.50 an hour.
The living wage has been adopted by more than 1,000 employers across the country, benefiting some 35,000 workers however not every employer can afford this level of pay for their staff.