BRIEFING - Calculating the Real Living Wage for London and the

BRIEFING Calculating the Real Living Wage for London and the rest of the UK: 2023 Nye Cominetti & Louise Murphy October 2023 resolutionfoundation.org @resfoundation Calculating the Real Living Wage for London and the rest of the UK | 2023 2 This report sets out the method through which the Living Wage rates in London and the rest of the UK are calculated by the Resolution Foundation and overseen b. [...] The rest of this report describes the methodology through which the Living Wage rates in London and the rest of the UK are calculated and the factors influencing changes in the rates this year. [...] Food is now at the epicentre of the cost of living crisis, and is the biggest contributor to inflation, contributing 1.7 percentage points to the April CPI rate of 8.7 per cent.3 Table 1 sets out the increases in the prices of different cost inputs in the LW calculation, separately for London and the Rest of UK. [...] The data used for England is published by the Valuation Office Agency.18 For Scotland, the data is published by the Scottish Government.19 For Wales, the data is published by StatsWales.20 For Northern Ireland, the data is published by the Analytical Services Unit of the Department for Social Development.21 For the London LW, we use the London data published by the Valuation Office Agency. [...] In the case of the London rate, the wage requirements are for the rate before the application of the shock absorber.