31 October 2016 | Herpreet Kaur Grewal
The Mayor of London Sadiq Khan has announced an increase in the London Living Wage - a rise from £9.40 to £9.75 an hour.
He also revealed that another 309 employers signed up to pay their staff the capital's hourly rate over the past 12 months.
That brings the total number of accredited businesses in London to 1,033 and means that London accounts for over a third of businesses paying the Living Wage in the United Kingdom.
Since 2011 the London Living Wage has increased by 17.5 per cent and more than 60,000 workers in the capital have benefited from the increase. Over the past year major brands including the British Library, IKEA, Majestic Wine, Lloyds TSB and London's Borough Market have all become accredited as London Living Wage employers.
Khan said: "London is leading the way in paying the Living Wage and over 1,000 businesses are now accredited and helping to make this a fairer and more equal city. 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."
Nationally the Living Wage will rise to £8.45 from £8.25 per hour.