Retail staff who work in London and are paid on a wage will soon be able to get paid a new Living Wage rate of £9.75 per hour, an increase of 35p.
London Mayor Sadiq Khan, who made the announcement yesterday, said this would come into effect next year.
Almost 3000 businesses are signed up to the voluntary Living Wage, which is set by the Living Wage Foundation.
”It’s great news that London is leading the way in paying the Living Wage and that more than 1000 businesses are now accredited, and helping to make this a fairer and more equal city,” Khan said.
“I’m glad to say we’re well on track to see it rise to over £10 an hour during my mayoralty, but we need to go further and for many more businesses and organisations to sign up.
“Paying the London Living Wage is not just the right and moral thing to do, it makes good business sense too. As many employers already accredited know the benefits are clear – including increased productivity and reduced staff turnover.”
The London Living Wage is separate to the government’s National Living Wage, which increased in April this year to £7.20 per hour for workers aged 25 and over.