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Money Advice Trust celebrates Living Wage commitment

The Money Advice Trust is pleased to announce that it has been accredited as a Living Wage employer.

The Living Wage commitment will see everyone working at the Money Advice Trust, regardless of whether they are permanent employees or third-party contractors; receive a minimum hourly wage of £7.85 - significantly higher than the national minimum wage of £6.70. 
While the vast majority of staff at the Trust were already paid above this level, the move means that cleaners working at the Trust’s site in Birmingham will see their pay increase.  This has already led to the cleaning company contracted for this work becoming registered as a Living Wage Service Provider, cascading the benefits further.

The Living Wage is an hourly rate set independently and updated annually. The Living Wage is calculated according to the basic cost of living using the ‘Minimum Income Standard’ for the UK. Decisions about what to include in this standard are set by the public; it is a social consensus about what people need to make ends meet.

Chief Executive of the Money Advice Trust, Joanna Elson said:

“We are proud to have achieved accreditation as a Living Wage employer, and this has already had knock-on effects in Birmingham where our National Debtline and Business Debtline services are based.
“As a charity that helps people across the country to tackle their debts and manage their money wisely, our values as an organisation chime strongly with the objectives of the Living Wage campaign and so it was a logical step for us to undertake accreditation.
“We look forward to being part of a network of employers that recognise the importance of fair pay and hope that many more organisations will follow after us.”
Employers choose to pay the Living Wage on a voluntary basis. The Living Wage enjoys cross party support, with public backing from the Prime Minister and the Leader of the Opposition.

Living Wage Foundation Acting Director, Sarah Vero said:
“We are delighted to welcome the Money Advice Trust to the Living Wage movement as an accredited employer.
“It is wonderful to see the charity taking a lead and involving the whole community in this step.
“The best employers are voluntarily signing up to pay the Living Wage now. The Living Wage is a robust calculation that reflects the real cost of living, rewarding a hard day’s work with a fair day’s pay.

“We have accredited over 1,900 leading employers, including the Money Advice Trust, ranging from independent printers, bookshops and breweries, to well-known companies such as Nationwide, Aviva and SSE. These businesses recognise that clinging to the national minimum wage is not good for business. Customers expect better than that. "
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