What Is The Real Living Wage?
The Real Living Wage isn’t a legal benchmark, but rather an informal one that is set within the UK to denote the acceptable level of pay that allows workers the chance to lead a comfortable life. This minimum wage (National Living Wage) is the same throughout the country and it is usually set by the Chancellor of the Exchequer.
How Much Is The Living Wage?
The 2022 Real Living Wage is set at £11.05 per hour for those living in London and £9.90 everywhere else in the UK. When compared with the National Living Wage (government minimum for over 23s), which is about £9.50 for people over 23 years of age, a large discrepancy can easily be seen between the two.
Who Pays This Wage?
At the moment, very few firms are following this wage suggestion. People throughout the country are campaigning to have the Living Wage instated in businesses all over the UK, but it is slow going. It remains to be seen whether this will change in the future.
