Living Wage Calculating the Real Living Wage for London and the rest of the UK: 2024 23 October 2024 Nye Cominetti Louise Murphy This report sets out the method through which the Living Wage rates – a voluntary hourly pay rate that is based on what families need to get by – in London and the rest of the UK are calculated by the Resolution Foundation, and overseen by the Living Wage Commission on behalf of the Living Wage Foundation. These rates provide a benchmark for employers that voluntarily commit to go further than paying Government-set minimum wages, ensuring their staff earn a wage that they can live on. We detail the sources underpinning the calculations which are based on the best available evidence about living standards and costs, and how these and other inputs to the calculation have changed since last year. The UK Living Wage for 2024-25 is £12.60. The London Living Wage for 2024-25 is £13.85.
