The London living wage is based on what is needed to afford the cost of living.
More than 130,000 Londoners will see a 10% pay rise as the 'London living wage' increases to £13.15 an hour.
The announcement follows research by the foundation which highlights there are roughly 575,000 low-paid workers in London, with its recent survey suggesting 60% have used a foodbank in the past year and 39% regularly skip meals for financial reasons.According to the charity's calculations, a full-time worker earning the new London living wage would earn more than £5,323 extra across the year compared to someone on the current National Living Wage.
The Mayor of London, Sadiq Khan, said: "I am proud that London Living Wage has risen by 40% since I was elected in 2016, and this year's 10% increase is the biggest jump ever.
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