Living Wage would save £2bn - study

Gareth Fuller/PA Wire

The Treasury would save more than £2 billion a year if workers were paid the Living Wage because of higher income tax payments and lower spending on benefits, a new study has suggested.

The Resolution Foundation and IPPR think tanks said the suggested rate of £7.45 an hour and £8.55 in London would add around £6.5 billion to workers' earnings.
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