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Since late 2021, the prices for many essential goods in the United Kingdom began increasing faster than household incomes, resulting in a fall in real incomes. The phenomenon has been termed a cost-of-living crisis. This is caused in part by a rise in inflation in both the UK and the world in general, as well as the economic impact of issues ...
According to the 2011 Census, 6,083,420 or 77.9% of London's population aged 3 and over spoke English as a main language, with a further 1,406,912 (19.8%) speaking it as a second language or well to very well. [ 46 ] 271,693 (3.5%) could not speak English well, while 47,917 (0.6%) could not speak English at all.
London had the fifth largest metropolitan economy in the world in 2011 according to the Brookings Institution. [ 12] Some of its neighbourhoods have estimated per capita GVA as high as £116,800 ($162,200). [ 13] The London fiscal surplus, £32.5 billion in 2016–17, [ 14] mostly goes towards funding services in other parts of the UK.
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From 15 November 2021, the living wage rate or "real living wage" is £9.90 per hour outside London and £11.05 per hour within London. [1] [2] Increases to £10.90 outside London and £11.95 inside London were announced on 22 September 2022, [3] with the Living Wage Foundation expecting member employers to implement the increase "as soon as ...
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In 2012, research into the costs and benefits of a living wage in London was funded by the Trust for London and carried out by Queen Mary University of London. [52] Further research was published in 2014 in a number of reports on the potential impact of raising the UK's statutory national minimum wage to the same level as the Living Wage ...
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