In the past year, the number of UK employers voluntarily paying the Living Wage increased by 19%, raising the total to 16,040 accredited employers. This growth occurs despite a cooling labor market and statutory wage pressures. The current Living Wage is set at £12.60 per hour in the UK and £13.85 in London, significantly above the £12.21 statutory minimum. Major companies like Ikea and Aviva support this movement, which is linked to improved reputations and employee retention. The Living Wage Foundation's Director praised the movement's resilience amid economic challenges.
Katherine Chapman, Director of the Living Wage Foundation, expressed optimism, stating, 'Despite uncertain economic times, the Living Wage movement continues to grow across a range of sectors.'
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