- 13 updates
Ed Miliband says that the Living Wage is about rewarding hard working people.
The plans for the Living Wage may do more harm than good, thinks the Director General of the Institute of Economic Affairs.
Mark Littlewood said:
Downing Street has said the Government supports the Living Wage initiative but insisted that companies would not be made to bring it in against their will.
The Federation of Small Businesses (FSB) has insisted that its members want to pay their employees a higher salary, but argued that they are "struggling" with cash flow in the current economic climate.
Companies are under pressure to pay staff the Living Wage - which was increased today to £8.55 in London and £7.45 elsewhere - following campaigning by London mayor Boris Johnson and Labour leader Ed Miliband.
ITV News followers on Facebook have been reacting to Labour leader Ed Miliband’s attempt to encourage companies to pay the Living Wage, which was increased today to £8.55 in London and £7.45 elsewhere.
The Scottish Government has renewed its commitment to the Living Wage after the rate was increased from £7.20 to £7.45.
The requirement to pay the Living Wage was introduced in the Scottish Government's pay policy in 2011-12 and the new rate will apply from April next year.
The Scottish Government has control over the pay for most civil servants in central government, government agencies, non-departmental public bodies and the NHS.
London mayor Boris Johnson has called on more businesses in the capital to sign up to the Living Wage initiative.
The rate in the capital was increased from £8.30 to £8.55 today.
The TUC has called for more employers to pay the Living Wage so that millions of workers can benefit from the initiative.
It was announced this morning that the new rate of Living Wage is £8.55 an hour in London and £7.45 elsewhere - both rates having been increased by 25p.
The new Living Wage for London has been set at £8.55 per hour, a 25p increase on the previous figure. The national 'living wage' has also been increased by that amount - from £7.20 to £7.45.
The Joseph Rowntree Foundation sets a new Living Wage annually and this year's rate is £7.45, a 25p increase.
Ed Miliband will make a speech later this morning to set out the case for companies to pay the Living Wage.