A new living wage has been announced for Oxford by the city council which will "reflect high living costs".
The wage will be £12.49 starting from April 2024 and is set at 95 per cent of the London Living Wage, which has been announced at £13.15.
More than 120 businesses and organisations are signed up for the hourly minimum pay launched in 2008 of which the live list can be viewed by visiting the City Council's website.
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Councillor Susan Brown, leader of Oxford City Council and cabinet member for inclusive economy and partnerships, said: “I am incredibly proud that over 120 businesses in Oxford are accredited Oxford Living Wage employers.
“Paying the Oxford Living Wage not only benefits the employees who are being paid a truly liveable wage, but it also helps employers attract new talent and keep staff.
"In addition, it also helps make our city a fairer one for everyone and means that local residents have more money to spend in the local economy."
The council has said that Oxford is named as one of the least affordable places to live in the country and as such it is encouraging new and previously accredited employers to commit to the new rate.
Ms Brown added: “I’d encourage any business or organisation that is considering paying Oxford Living Wage to do so and to become accredited through the council’s scheme.
"This means that they will be recognised for helping Oxford become a fairer place for everyone.”
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