London Living Wage increased from £9.15 to £9.40 per hour
He also revealed 295 additional employers this year are now paying their staff the capital’s hourly rate.
The London Living Wage has increased from £9.15 to £9.40 per hour, a rise of 2.7 percent, and the calculation of the rate reflects the higher costs of living in the city.
Announcing the increase , the Mayor also revealed the number of employers now paying their staff the London Living Wage has grown from 429 to 724 in the last 12 months. This compares with just 27 employers who publically backed the Living Wage in 2008.
Major brands including Oliver Bonas, Chelsea Football Club and GlaxoSmithKline have all joined the army of organisations now accredited as London Living Wage employers over the last year, while last month Lidl became the first major supermarket to pay its staff the rate.
Since 2005 the London Living Wage has grown by 40.3 percent and more than 30,000 workers stretching across the capital have benefited from the increased wage since 2011. ■