The Living Wage for workers in London is to increase by 25 pence an hour. The guideline rate was introduced in 2005 and is based on the cost of providing a family with the essentials of life. Toby Sadler reports.
Boris Johnson has announced the London living wage is to increase to £8.55.
The minimum wage which companies must pay their staff by law is £6.19 an hour.
But the living wage – calculated as the amount needed to ensure a basic standard of living - is now £8.55 - up from the previous £8.30. This is a pound more than in the rest of the country.