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Insider UK
Insider UK
Science
David Dubas-Fisher & Peter A Walker

The Real Living Wage could add £1.7 billion to the economy

If just a quarter of low-paid workers in Scotland were given a pay rise to the Real Living Wage, it could put an extra £114.1 million back into the country’s economy.

Set by the Living Wage Foundation and based on the cost of living, it is currently £10.90 across the UK.

Research commissioned by the foundation and conducted by the Smith Institute found that if just a quarter of those earning below the figure saw their pay rise to the Real Living Wage, the increase in wages, productivity and spending would deliver £1.7bn back into the UK economy.

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