Hundreds of thousands of workers in the UK will see their hourly rate rise by more than 10% due to an increase in the real living wage, a voluntary employers’ pay scheme that is calculated on the actual cost of living. People in London covered by the rate will see their hourly rate rise to £11.95 an hour, while those in the rest of the UK will get £10.90.
This year’s increase in the real living wage has been brought forward in recognition of the sharp rise in living costs. The change was originally set for November.
Almost 400,000 people working for over 11,000 real living wage employers will see their pay increase. Currently, the real living wage in London is £11.05, while in the rest of the UK it is £9.90.
Employers using the scheme should implement the rate change as soon as possible, but they have until 14 May 2023 to do so. You can check whether your employer is one of the participating companies by heading to the Living Wage Foundation website.