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The London Living Wage
Contents
Introduction
Workers should earn enough to provide for themselves and their families. This is the key principle of the London Living Wage.
People paid the London Living Wage are more:
- financially secure
- able to pay rent and buy food
- able to pay taxes
The London Living Wage is:
- based on the actual cost of living
- updated annually in November
- voluntary for both employers and staff (unlike the statutory National Living Wage)
Many businesses are already Living Wage employers in Southwark. Email southwarkbusinessdesk@southwark.gov.uk for a full list.
Southwark became the first London borough to be recognised as a Living Wage Place by the Living Wage Foundation.
The London Living Wage also benefits employers by providing:
- better staff morale
- improved rates of retention
- lower rates of sickness and absence
- reputational gain