London Living Wage Goes Up

5 November 2012, 10:06 | Updated: 5 November 2012, 10:15

Boris Johnson has revealed the London Living Wage is going up by 25p.

It will increase from £8.30 an hour to £8.55.

The Mayor said the new rate will be worth £4.5 million a year for lower-paid workers. He said: "By building motivated, dedicated workforces, the Living Wage helps businesses to boost the bottom line and ensures that hard-working people who contribute to London's success can enjoy a decent standard of living."

The Living Wage is more than the minimum wage but it's not compulsory for employers to pay that rate.

Around 200 employers in London support the campaign, ranging from banks to universities.