Hourly rate to increase by 95p to £14.80 in London and by 85p to £13.45 for the rest of the countryAlmost half a million workers are to receive a pay boost after it was announced that the real living wage paid voluntarily by 16,000 UK companies will rise to £13.45 an hour.Distinct from the national living wage, which is a statutory minimum, the real living wage is calculated each year based on the cost of essentials, and is paid by more than half of the companies in the FTSE 100. Continue reading...