London Living Wage (4)

Meeting: 
MQT on 2015-07-15
Session date: 
July 15, 2015
Reference: 
2015/2468
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

You said in the recent past that a large retail company would be announcing they would become Living Wage accredited - can you provide an update? 

Answer

Answer for London Living Wage (4)

Answer for London Living Wage (4)

Answered By: 
The Mayor

I am delighted that IKEA has become the first major retailer to sign-up to the London Living Wage, rewarding their hard-working employees for their loyalty and their valuable contribution to the productivity and growth of this city's economy. There is no doubt that the London Living Wage is a win-win scenario for the workforce and employers alike, boosting quality of life and workplace morale which in turn increases productivity. I have long argued that those companies who can afford to pay the London Living Wage should do so, and I urge big businesses to follow IKEA's fantastic example and do the right thing by signing up to this scheme.