The first of April marks the biggest cash boost to the minimum wage for over a decade, with the “national living wage” increasing from £10.42 to £11.44 an hour, putting £1,800 a year directly into the pockets of full-time employees aged 21 and over.
But as the cost of living remains high, Time Finance is urging like-minded businesses to sign up to become an accredited partner of the Living Wage Foundation’s voluntary real Living Wage scheme.
Since October 2021, Time Finance has continued to support the real Living Wage initiative, which now sees minimum hourly rates sit at £12 across the UK, and £13.15 in London. The age threshold is also dropped under the accreditation to accommodate those aged 18 and over, whereas the National Living Wage usually sits at 21.
Time Finance plc (LON:TIME) is an AIM-listed business specialising in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans. Time Finance can fund businesses or arrange funding with their trusted partners through Asset Finance, Invoice Finance, Business Loans, Vehicle Finance or Asset Based Lending.
