Tory Mayor backs rise in GLA living wage‏

The Mayor of London, Boris Johnson, yesterday announced that he is increasing the London Living Wage to £7.85 per hour, a rise of 25p. In addition, this year, four major employers have signed up to pay the London Living Wage. They are Deloitte, Nomura, Prudential and Standard Chartered. The rise to £7.85 per hour represents an increase of 3.3 % per cent on last year’s figure, and an overall increase of 17 % per cent since the London Living Wage was introduced in 2005 at £6.70 per hour.
http://www.london.gov.uk/media/press_releases_mayoral/mayor-increases-london-living-wage-four-international-employers-sign