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National living wage increased


The national living wage has been increased by 20p to £7.65 an hour, affecting more than 30,000 low paid workers.

More than 30,000 workers will likely receive a pay rise of up to £400 a year after the voluntary ‘living wage’ scheme has been increased by 20p per hour. Although the scheme is voluntary, over 400 employers have signed up to the scheme which Rhys Moore, director of the living wage foundation described as a “must have badge of honour for employers.”

As a result, this means that employers who are members of the scheme will have to adhere to paying a minimum of £7.65 an hour to their employees instead of the national minimum wage of £6.31 an hour. Additionally, the living wage has been increased by 25p in London to £8.80 an hour, giving further boost to low wage workers in the capital.

A selection of firms that have already signed up to the scheme include Oxfam, Legal & General and the National Portrait Gallery. Another member of the scheme, Barclays Bank released a statement through their employee relations director, Dominic Johnson, who was quoted as saying "Early research on the impact of the Living Wage for cleaners on Barclays' contracts shows our suppliers have a 92% retention rate versus an industry average of 35%."

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