According to the Living Wage Foundation the "real living wage" in the UK is £9 an hour
Which assuming a 37 hour week & rounding to the nearest whole GBP amounts to £17,375
Formula used ((9*37)/7)*365.25
I don't know how many hours a week or what the annual figure is that the LWF assumes or uses so I've had to just pick a number (37 hours a week in this instance) & calculate from there, so if anyone can provide the correct number of hours (or better yet their annual rather than hourly rate) please do.
I've spent a fair amount of time cruising the ONS & other sites trying to come up with an accurate figure for what % of people earn less than this but simply can't find anything (so far) to provide it.
So does anyone have this figure or a site they could direct me to that has this information?