Responding to the announcement of a rise in London Living Wage, London Assembly Labour Group Economy Spokesperson, Fiona Twycross AM, said:
“Today’s announcement of a rise in the London Living Wage will be a great help to Londoners working for a living wage employer yet still struggling to cope with the growing cost of living. With costs for rent, food, fuel, childcare and fares outstripping wages, it is vital that people are given a wage which it is possible to live on.
“Whilst this increase is welcome it will do little to help the hundreds of thousands of people paid below London Living Wage. The fact that the number of jobs paying less than the London Living Wage rose from 420,000 in 2007 to 600,000 in 2012 shows that there is a lot more the Mayor and his colleagues in Government should be doing to encourage employers to pay London Living Wage and stamp out poverty pay in the capital.”
“Paying a living wage is not just an ethical decision but an economic necessity if London is going to compete globally. Employers who pay a living wage not only save the taxpayer money on the benefits bill, they also provide a boost to the London economy, allowing people to live properly and the capital to grow.”