New London Living Wage set at £10.55

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New London Living Wage set at £10.55

The London Living Wage - the voluntary rate said to be the minimum amount needed to afford the basics - has risen to £10.55 an hour.

The Living Wage foundation says the 35 pence increase is largely driven by higher transport costs, rents and tax.

Thousands of companies have signed up to pay the rate to staff.

The latest rise was announced by The Mayor at the Barbican centre.

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