"The report concludes that for many, especially in banking, IT and construction, the average upfront wage costs are affordable, representing less than a 1 per cent increase. In other industries, such as retail and hospitality, where the proportion of lower-paid jobs is higher, the upfront costs would be higher, at between 4.7 and 6.2 per cent. So for these firms the report recommends a phased introduction, starting with a move to pay 90 per cent of the living wage.

The living wage is a voluntary measure designed to pay the lowest-paid workers enough to enable a decent standard of living, hand-in-hand with full take-up of available benefits and allowances. There are separate rates for London (

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