More than 300,000 people to get ‘significant’ pay rise with increased real Living Wage

He said: “This is a significant increase to the real Living Wage and shows the importance of fair pay and good work for UK workers.

“While the increase in the real Living Wage will be welcome by millions of low-waged workers, it may not be enough to improve financial conditions for some of the lowest paid employees, in the current cost of living crisis.

“Employers should also consider other ways they can support employee’s financial wellbeing.

“As well as offering enough hours for staff to have a decent standard of living, organisations should review aspects of employment such as flexible working, career progression opportunities, and financial wellbeing benefits, for example occupational sick pay or hardship loans.