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Properties
Alt label
- London living wage
- National living wage
SES ID
Notation
In scheme
Broader
Related
Definition
- Hourly rate calculated according to the basis of the cost of living in the UK; paid by employers on a voluntary basis. The hourly rate is higher for London than for the rest of the UK. In the July 2015 budget it was proposed to make the national living wage statutory.
History note
- Added as a result of discussion at PQ meeting on 06/07/2015. Revised as result of discussion at PQ meeting on 10/07/2015 subsequent to July 2015 budget.