More than 1,500 London businesses are set to pay all employees more than £10 an hour for first time.
The Mayor of London, Sadiq Khan, today announced a landmark increase in the London Living Wage, from £9.75 to £10.20 per hour – a 4.6 per cent rise and the first time the wage has been more than £10.
He also revealed that another 470 employers signed up to pay their staff the capital’s hourly rate over the last 12 months, bringing the total number of accredited businesses in London to 1,502. As a result, London now accounts for almost 42 per cent of businesses paying the Living Wage in the United Kingdom.
The Mayor of London, Sadiq Khan, said: “I pledged to ensure the London Living Wage rises to beyond £10 and I am delighted that has been achieved. I am determined to make London a fairer and more equal city, and the news that more 1,500 businesses are paying the wage is a good step towards achieving that. But we need to go further – and for many more businesses and organisations to sign up.”