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Living Wage increase welcome but we need far more action to get businesses signed up

Commenting on the new London Living Wage rate of £9.40 announced this morning, Labour’s London Assembly Economic Spokesperson, Fiona Twycross AM said:
“The new uprated London Living Wage will be a real boost to Londoners who have seen the cost of renting and living in the capital jump over the past year but the increase clearly only applies to those whose pay is linked to the Living Wage.
“Whilst this rise is welcome the real tragedy is that over 900,000 Londoners now earn below the London Living Wage, that’s almost one in five of the capital’s workforce and significantly more than when Boris Johnson came to power. Low paid Londoners need a Mayor who will do far more to get businesses signed up to pay the London Living Wage. Without real action to get business fully signed up, hard-working families in the capital will continue to earn a wage which keeps them in poverty.
“The new London Living Wage of £9.40 is welcome but with tax credits cuts coming down the line for low income workers, things could easily get worse. City Hall analysis found that without means-tested benefits, including tax credits, the true figure needed to live in London would need to be close to £12 a hour. We need to know what the Mayor’s plan is to protect Londoners from the harsh impact of the Government’s cuts.”

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