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Credit card charges: 5m people paid 'below living wage'

An astonishing one in five UK workers in UK is earning below a wage that provides them a basic standard of living and allows them to pay off their bank charges and loan claims, according to a new report.

This equates to around five million people, according to the research by financial services firm KPMG. However, when taking into account only waiters and bar staff, this increases to 90 per cent of workers.

In London, the Living Wage is considered to be £8.30 an hour, while it stands at £7.20 for the rest of the UK.

Paying a member of staff the Living Wage is voluntary, as the National Minimum Wage, which is set by law, is only £6.19 an hour.

"Times are difficult for many people, but of course those on the lowest pay are suffering the most," said Marianne Fallon, head of corporate affairs at KPMG.

"Paying a Living Wage makes a huge difference to the individuals and their families and yet does not actually cost an employer much more."

He added that if businesses can pay the Living Wage it would increase the opportunity for upward social mobility and generally improve their life prospects.

Jennifer Haines

Jennifer's speciality knowledge is credit card changes and balance transfers.ADNFCR-2776-ID-801477897-ADNFCR



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