Living Wage Foundation response to the cost of living crisis

As the cost of living soars at rates not seen for more than thirty years, the Living Wage Foundation has announced plans to bring its annual announcement forward from November to late September.

The previous figure was announced in mid-November 2021, fixing the figures at £9.90 in the UK with the London Living Wage (that considers the expense of living in the capital) at £11.05. Even at that point, forecasters (who had spent all of 2021 pushing an over-optimistic outlook) failed to foresee the severity of Spring 2022’s inflation rises (partly due to the war in Ukraine).

A list of recent posts on inflation can be seen here.

An explanation of what ‘the real living wage’ is can be seen here.

 

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