With UK inflation hitting a 40 year high last month, the Living Wage Foundation has announced that they will be bringing forward this year’s announcement of the new real Living Wage rates to Thursday 22^nd September.

This is in response to rapidly rising living costs, which will be reflected in the new higher rates.

The Living Wage Foundation hopes that, by bringing forward announcement of the rates, Living Wage Employers can implement them sooner to best support their employees in these difficult times, and in those ahead. They encourage employers who can, to bring in the new rates as soon as possible. However, employers have until May 2023 to implement them.

Katherine Chapman, Director of the Living Wage Foundation, said:

“Rising prices are eating away at all of us, but nobody is feeling the pinch more than the 4.8 million low paid workers across the UK. It’s never been more important that employers who can afford it protect those who will be most affected by price rises by paying a wage based on the cost of living.”

For further information on the new rates, please visit the Living Wage Foundation website.

Alternatively, for examples of the positive impact the Living Wage can have on businesses, boosting motivation and morale, as well as helping attract and retain staff, view the 2022 Living Wage Champion Award winners’ video on Vimeo. Or for information on becoming a Living Wage Employer, visit the dedicated page.