Wages

Meeting: 
MQT on 2016-12-14
Session date: 
December 14, 2016
Reference: 
2016/4960
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

With the forecasts for slower earnings growth than previously predicted meaning that workers would earn less in real wages in 2021 than they did in 2008, and with the potential 5% increase in the cost of food over the next six months, how can you ensure that more Londoners do not fall into poverty?

Answer

Answer for Wages

Answer for Wages

Answered By: 
The Mayor

I have frozen TfL single journey fares for four years and introduced the one hour 'hopper' bus fare to keep down transportation costs for Londoners.

I have set out new planning rules to speed up the building of more affordable housing, alongside plans for how record-breaking investment of £3.15bn will support 90,000 new affordable homes in the capital.

I have launched the new higher London Living Wage rate of £9.75 per hour, reflecting the cost of living in the capital, and am confident it will reach £10 before the end of my first term. My economic fairness team will use a new business compact to encourage further uptake of the London Living Wage.