How is The Living Wage Worked Out?
The Living Wage is calculated annually by the Resolution Foundation and overseen by the Living Wage Commission, based on the best available evidence about living standards in London and the UK.
The basket of goods draws on the Minimum Income Standard to identify everyday living costs through public consensus.
Before 2016 the London Living Wage was calculated by the Greater London Authority and the UK rate was calculated by the Centre for Research in Social Policy at Loughborough University.
The Living Wage is uprated every November taking into account rises in the cost of living. The new rate is announced during Livng Wage Week which takes place in the first week of November.