The Labour Party has announced that it wants to see employers paying employees a “living wage”, which is higher than the national minimum wage. The proposed living wage is £8.30 per hour for those working in London and £7.20 per hour for those working elsewhere. This compares to the current hourly minimum wage of £6.19 for those over 21 years of age.
Labour has announced this as part of its “One Nation” vision. It also coincides with the Living Wage Week from 4 to 10 November 2012 which is being organised by the Living Wage Foundation.