Real Living Wage Rises By Record 10% To £10.90 An Hour
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23/09/2022Real Living Wage Rises By Record 10% To £10.90 An Hour
Some 400,000 workers at businesses that have volunteered to pay the Real Living Wage are set to get a record pay boost.
The hourly rates are rising by £1 to £10.90 across the UK and by 90p to £11.95 in London.
The 10.1% rise, which was brought forward from November, is the biggest in the scheme’s 10-year history and is meant to reflect soaring living costs.
But critics say some employers faced with rising costs will struggle to afford it.
Launched in 2011, the voluntary Real Living Wage is set by the Living Wage Foundation charity. It is higher than the government-set National Living Wage – currently £9.50 an hour for those over 23 – and reflects what the charity thinks people need to earn to cover everyday costs.
The number of Living Wage-accredited employers has doubled to 11,000 in the past two years and includes the likes of Ikea, Nationwide and Burberry.
The foundation has increased pay rates after prices rose at their fastest rate in 40 years in the 12 months to August.
The cost of food, energy and fuel has soared since April, although energy bills will be limited from October under UK government plans to help households and businesses.
