Paying a 'living wage' has a range of potential benefits to workers, companies and the government, according to an academic study commissioned by campaigners. The study looked at the experiences of workers and companies in London where the living wage has been introduced.
The London living wage was calculated to be £8.30 an hour in 2011, based on what was needed by the average household type to cover basic living costs. This compares with the current statutory minimum wage of £6.08.