{"id":127054,"date":"2026-10-15T13:30:00","date_gmt":"2026-10-15T12:30:00","guid":{"rendered":"https:\/\/en.econostrum.info\/uk\/?p=127054"},"modified":"2026-10-15T13:29:00","modified_gmt":"2026-10-15T12:29:00","slug":"nearly-500000-uk-workers-get-1250-pay-rise","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/uk\/nearly-500000-uk-workers-get-1250-pay-rise\/","title":{"rendered":"Nearly 500,000 UK Workers to Get \u00a31,250 Pay Rise: Are You One of Them?"},"content":{"rendered":"\n

Almost half a million workers across the UK are set to receive a pay rise worth more than \u00a31,250 a year following an increase in the real Living Wage. The new hourly rates, announced on 15 October, have risen to \u00a314.10 <\/strong>across the country and \u00a315.45<\/strong> in London.<\/p>\n\n\n\n

The increase affects employees working for nearly 17,000 accredited employers, including IKEA, Uniqlo and Everton FC. Unlike the Government’s statutory minimum wage, the real Living Wage is a voluntary rate calculated according to living costs. The announcement also coincides with the 25th anniversary of the Living Wage campaign.<\/p>\n\n\n\n

New Hourly Rates Bring Higher Annual Earnings for Workers<\/strong><\/h2>\n\n\n\n

The real Living Wage has increased by 65p an hour across the UK, rising from \u00a313.45 to \u00a314.10, representing a 4.8% increase<\/strong>. In London, the hourly rate has risen from \u00a314.80 to \u00a315.45, an increase of 4.4%.<\/p>\n\n\n\n

According to the Living Wage Foundation, full-time employees receiving the new rates will earn more than \u00a31,250<\/strong> extra annually. The organisation estimates that someone earning the updated real Living Wage will receive over \u00a32,700 more each year than a worker<\/a> paid the Government’s current minimum of \u00a312.71 an hour for those aged over 21.<\/p>\n\n\n\n

The difference is greater in London, where a full-time employee receiving the London Living Wage will earn more than \u00a35,300 annually above the statutory minimum.<\/p>\n\n\n\n

As reported by the York Press<\/a>, the foundation estimates that the additional earnings outside London could cover eight months of household food costs or five months of housing and energy expenses. In the capital, the corresponding figures are 16 months of food costs or six months of housing and energy bills.<\/p>\n\n\n\n

The new rates apply to employers accredited by the Living Wage Foundation rather than every business operating in Britain. More than 2,000 employers joined the scheme over the past year, including Coventry Building Society and the Department for Business and Trade.<\/p>\n\n\n\n

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\ud83d\udce3 The real Living Wage rates have risen to \u00a314.10. Almost 6,000 workers across NI are set for a pay boost. This increase represents an important step towards fairer pay and a better standard of living for workers\ud83d\udc9a \ud83d\udd17Read the full statement here: https:\/\/t.co\/Ia8FeGVnyn<\/a> pic.twitter.com\/E21leo97K2<\/a><\/p>— Advice NI (@AdviceNI) October 15, 2026<\/a><\/blockquote>