Evening Washington
Sunday, March 7, 2021
  • Africa
  • Asia
  • Europe
  • latest news
  • USA News
  • World
  • Other
    • TECH
    • Health
    • Fashion
    • Sports
    • Business
No Result
View All Result
  • Africa
  • Asia
  • Europe
  • latest news
  • USA News
  • World
  • Other
    • TECH
    • Health
    • Fashion
    • Sports
    • Business
No Result
View All Result
Evening Washington
No Result
View All Result
Home Business

Voluntary living wage above £10 in London

admin by admin
November 6, 2017
in Business
0
Voluntary living wage above £10 in London
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

US pushes ahead with new rules for Chinese firms

Elon Musk passes Bill Gates to become world’s second-richest person

The body behind the voluntary living wage says around 150,000 workers are to get a pay rise – with those eligible in London now receiving above £10 per hour for the first time.

The Living Wage Foundation, which sets the so-called "real living wage", said it would go up by 45p per hour to £10.20 in London and by 30p to £8.75 in the rest of the country.

It said the increases represented a 4.6% rise in the capital and 3.6% elsewhere – above the official rate of inflation currently at 3% – with higher inflation, rising housing rents and transport costs all reflected in the rises.

The scheme aims to set a pay rate that meets the actual cost of living. Its runs above statutory Minimum Wage and National Living Wage rates – the latter currently standing at £7.50 per hour.

Video:Carney sees little rate rise strain

Any increase will be helpful – especially after the Bank of England raised borrowing costs through an interest rate rise to combat higher inflation last week.

Living Wage Foundation director, Katherine Chapman, said: "The new rates will bring relief for thousands of UK workers being squeezed by stagnant wages and rising inflation.

"It's thanks to the leadership of over 3,600 employers across the UK who are committed to paying all their staff, including cleaners and security staff, a real living wage.

"Great businesses know that, even during these tough times, not only is fair pay the right thing to do but paying the real living wage brings big benefits.

Video:'Minimum wage is not enough'

"Nine out of 10 accredited living wage employers report real benefits including improved retention, reputation, recruitment and staff motivation."

The Foundation said Heathrow was among 150 organisations to have joined its ranks in recent times – the airport's parent firm agreeing to pay all its workers at least the voluntary rate by 2020.

TUC general secretary, Frances O'Grady, welcomed the new rate but added: "More companies need to sign up. Profits in the UK are at record levels, yet many bosses are still refusing to invest in their staff."

Let's block ads! (Why?)

Original Article

Sky News

ShareTweetPin
admin

admin

Related Posts

US pushes ahead with new rules for Chinese firms

US pushes ahead with new rules for Chinese firms

by admin
December 3, 2020
0

The US House of Representatives has passed a law to kick Chinese companies off US stock exchanges if they do...

Elon Musk passes Bill Gates to become world’s second-richest person

Elon Musk passes Bill Gates to become world’s second-richest person

by admin
November 24, 2020
0

Tesla boss Elon Musk surpassed Bill Gates to become the world’s second-richest person as the electric-car maker continued its staggering...

Philippines to cancel Landing’s $1.5B casino project

by webadmin
November 6, 2020
0

When we get out of the glass bottle of our ego and when we escape like the squirrels in the...

Australian PM Pitches Digital Economic Recovery

by admin
October 21, 2020
0

Scott Morrison wants Australia to become one of the world’s leading digital economies within the next 10 years. The prime...

NBA: Los Angeles Clippers hire Tyronn Lue as new head coach

by admin
October 21, 2020
0

LOS ANGELES (AFP) – The Los Angeles Clippers announced Tuesday (Oct 20) that Tyronn Lue has been promoted from assistant...

Next Post
Baking queen Mary Berry visits Scone Palace for new TV show

Baking queen Mary Berry visits Scone Palace for new TV show

‘Awful’ Next Gen tennis draw sparks sexism row

'Awful' Next Gen tennis draw sparks sexism row

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Sport

Mets retaining Luis Rojas as manager

Mets retaining Luis Rojas as manager

November 24, 2020
Nets no longer focused on James Harden trade pursuit

Nets no longer focused on James Harden trade pursuit

November 24, 2020
  • 21.8M Fans
  • 81 Followers
  • 108k Subscribers
  • 657 Followers
  • 22.9k Followers

MOST VIEWED

  • ‘Amphan’ may bring first flood of year in Assam: CWC

    ‘Amphan’ may bring first flood of year in Assam: CWC

    0 shares
    Share 0 Tweet 0
  • Playboy Model Marisa Papen Arrested For Dragging Cross In Front Of Vatican While Naked

    0 shares
    Share 0 Tweet 0
  • Where to buy Bitcoin in the UK and how does it work

    0 shares
    Share 0 Tweet 0
  • Russia Scores Gold In Women’s Figure Skating, Leaving USA Ladies Without Medals

    0 shares
    Share 0 Tweet 0
  • 24 Of Genie Bouchard’s Sexiest Shots Off The Court [SLIDESHOW]

    0 shares
    Share 0 Tweet 0

CATEGORY

  • Africa
  • Asia
  • Business
  • Europe
  • Fashion
  • Health
  • latest news
  • Sports
  • TECH
  • Uncategorized
  • USA News
  • World

SITE LINKS

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
  • Landing Page
  • All Features
  • Get JNews
  • Contact

© 2020 eveningwashington.com.

No Result
View All Result
  • Africa
  • Asia
  • Europe
  • latest news
  • USA News
  • World
  • Other
    • TECH
    • Health
    • Fashion
    • Sports
    • Business

© 2020 eveningwashington.com.