Income and Employment

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].

'Minimum Wage Must Work With Universal Credit Reform to Reduce Inequality'

New analysis by the Resolution Foundation has predicted a slow reduction in low pay. The Resolution Foundation has warned that post-Brexit uncertainty makes it unlikely that previous forecasts that pay will reach £9 an hour by 2020 will be met. 

Responding to this analysis, Executive Director of The Equality Trust, Dr Wanda Wyporska, said: