Over 460,000 UK Workers to Receive 10% Pay Increase

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Economy News

UK,Workers,Pay Increase

More than 460,000 workers in the UK will see their hourly pay rise by ten per cent due to the increase in the 'real living wage'. The Living Wage Foundation announced that those covered by a voluntary employers' pay scheme will receive at least £12 an hour, with London-based workers receiving £13.15 an hour. This is higher than the government minimum wage. The national minimum wage is set to rise to £11 an hour from April 2024.

Last week it was announced over 460,000 workers across the UK will see their hourly pay increase by ten per cent due to the rise in the ‘ real living wage ’. The campaign group, the Living Wage Foundation , revealed those who are covered by a voluntary employers’ pay scheme will see their hourly pay rise to at least £12 an hour.

Those who are on the scheme as a full-time employee would earn £3,081 a year more than a worker earning the current government minimum , and £2,145 more than their current pay, according to Living Wage Foundation. In London, a full-time worker on the new real Living Wage rate would earn an additional £5323.50 a year compared to a worker on the current NLW.

"I have worked hard over the years to progress in my profession, but am gradually seeing my additional value eroded away. It will get to the stage where people say ‘why bother’.” DigSunPap wrote: “I don't think a 10% pay rise on minimum wage workers is going to help them when the inflation rate has been so high for so long now.”

UK Workers Pay Increase Real Living Wage Living Wage Foundation Minimum Wage

 

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