
The City of London Labour party has demanded that the City sign up to the London living wage, guaranteeing that all of the Corporation's employees and contractors will earn a minimum of £7.45 per hour – the London living wage. A number of major corporations including Barclays, KPMG, and Credit Suisse have adopted the London Living Wage.
But in a shocking reply to the City Labour party, Town Clerk Chris Duffield , while claiming that the City would “probably” meet the criteria for a London living wage employer, refuses to sign up, arguing that the City's “traditional position of independence” means it would be unlikely to participate in the scheme.
What on earth has political independence got to do with a fair day’s work for a fair day’s pay? The London living wage was introduced by Ken Livingstone, but even Boris Johnson supports it, and announced an increase to £7.45 in July. But it’s not good enough for the City, which thinks its own “independent” status is more important than protecting the lowest paid.
When some in the City earn eye-wateringly large salaries, surely it's not much to ask that the people who clean the offices, tend the gardens and take away the refuse should have their basic minimum rights? The City can easily afford to be a living wage employer, and its heartlessness is shocking. City Labour party will continue to press for every worker in the Square Mile to be guaranteed a decent rate of pay.