What Is the Real Living Wage in the UK? Latest 2023 Rates Explained
Discover the real Living Wage UK for 2023, how it differs from the National Living Wage, and what it means for workers across the country.
57 views
The real Living Wage in the UK is an hourly rate set independently and updated annually, based on the cost of living. As of 2023, it is £11.95 in London and £10.90 in the rest of the UK. This is higher than the government's National Living Wage, aimed at ensuring workers earn enough to meet their everyday needs.**
FAQs & Answers
- What is the difference between the real Living Wage and the National Living Wage? The real Living Wage is independently calculated based on the cost of living and updated annually, typically higher than the government's National Living Wage which is a legally mandated minimum.
- How much is the real Living Wage in London compared to the rest of the UK in 2023? In 2023, the real Living Wage is £11.95 per hour in London and £10.90 per hour in the rest of the UK.
- Who sets the real Living Wage in the UK? The Living Wage Foundation independently sets and updates the real Living Wage annually based on living costs.
- Why is the real Living Wage important for workers? The real Living Wage ensures workers earn enough to cover everyday living expenses, promoting fair pay above statutory minimums.