UK employers paying the voluntary “real living wage” will be asked to deliver a double digit pay increase for the second year running, helping to repair living standards as inflation starts to subside.
The Living Wage Foundation, a charity that campaigns for fair pay, said on Tuesday it was increasing its national living wage rate from £10.90 to £12 an hour in 2024, following a similar increase in 2022.
Meanwhile its London rate — which reflects the higher costs of living in the capital — will rise from £11.95 to £13.15 an hour.
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