Income and Employment

Support for Low Paid Isn't Enough, We Need Inequality Reduction Strategy

The Equality Trust has responded to today's report by the Joseph Rowntree Foundation on their updated minimum income standard. The report finds that despite an above-inflation increase in the “national living wage”, low-income families are falling further behind a minimum income standard - which acts as a barometer of living standards for households on low incomes

Dr. Wanda Wyporska, Executive Director of The Equality Trust, said: 

Less Than a Third of UK’s Largest Companies Are Living Wage Accredited

Less than a third of FTSE 100 companies are Living Wage accredited. The new Living Wage was announced today, rising to £8.45 in the UK, and £9.75 in London,[1] but only 29 of the UK’s largest companies are officially signed up to pay the Living Wage. 

Meanwhile, at the other end of the scale, the average pay for a FTSE 100 CEO rose 10% last year to £5.5m, 341 times more than the new UK Living Wage, and 296 times the new London Living Wage[2].