Markets

Lidl UK to increase basic wage from £8.45 to £8.75 next year

Lidl UK to increase basic wage from £8.45 to £8.75 next year

The change, which will be announced on Monday, will affect over 150,000 employees who work for the 3,600 companies who pay the voluntary wage that aims to reflect the wage needed to sustain a decent quality of life.

The report revealed that three in five (59%) who earned below the RLW had experienced a sharp rise in living costs, whereas almost two times as many (17%) noticed a decline in pay compared to those who experienced an increase (9%).

"The new rates will bring relief for thousands of United Kingdom workers being squeezed by stagnant wages and rising inflation", Living Wage Foundation Director Katherine Chapman said. Employers who sign up to the Living Wage commit to pay it to all staff over the age of 18 who work regularly on their premises.

Living Wage New Zealand convener, Annie Newman said for many low wage workers, the boost in pay can't come soon enough.

"This is a fantastic achievement and a testament to our work promoting the Scottish Government's fair work agenda and putting equality at the heart of our labour market".

Lidl said the move was part of its pledge to match the Living Wage Foundation's rates, which were recently recalculated due to increases in the cost of living.

"Nine out of ten accredited Living Wage employers report real benefits including improved retention, reputation, recruitment and staff motivation".

The group said the increase in the living wage was driven by higher inflation feeding through to the basket of goods and services that underpin the rates, with rising rents and transport costs also having an impact. "In the capital today, more than two million people are struggling to make ends meet and the ethnic pay gap is shockingly and unacceptably large", he said.

Two cleaners at a Ferrari showroom were sacked last week after walking out on strike in protest at not being paid the living wage.

For those living in London, the rate will increase by 45p to £10.20 an hour. "But we need to go further - and for many more businesses and organisations to sign up". You can check which companies are signed up on the Living Wage Foundation website.


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