Living Wage rate rises to £7.85 an hour
The new Living Wage rate for the UK, has been set at £7.85 an hour; this is an increase of 2.6% on the 2013 rate and 21% higher than the current national minimum wage rate for adults, which is £6.50 an hour. The London Living Wage rate has been set at £9.15 an hour.
According to the Foundation, there are currently over 1,000 Living Wage accredited organisations in the UK, employing 35,000 individuals. The Department of Energy and Climate Change has announced that all of its employees, including third party contractors, will now be paid at least the Living Wage.
Sources: Living Wage Foundation: New 2015 Living Wage Rates Announced (3 November 2014) and DECC: All DECC staff to be paid the Living Wage (5 November 2014).