Introduction of living wage 'could save UK billions'

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Published by Max Salsbury for 24dash.com in Central Government and also in Communities, Finance

The introduction of the living wage across the UK could save the UK £billions, a new report argues. Think tanks IPPR and the Resolution Foundation worked jointly on the analysis that suggests a national living wage could add £6.5 billion to the gross earnings of the UK's workers. The living wage is calculated as the minimum rate needed to sustain a basic but acceptable standard of living, and is currently set at £7.45 an hour (£8.55 in London). The report reveals that the...

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