
Unite is supporting the FairPensions JustPay!
Campaign.
The Campaign aims to permanently embed
Living Wage standards in the UK's private sector, beginning with
the biggest companies on the London Stock Exchange, namely the FTSE
100.
The campaign aims to secure the support of major investors
including pension funds and City fund managers as lead activist
investors, as well as to mobilise the public. FairPensions'
campaign builds on ten years of work by Citizens UK, with whom we
are working closely along with other partners, but brings to bear
the leverage of investors.
On May 3rd
a letter signed by a coalition of investors with assets under
management in excess of £13 Bn was be sent to the CEOs of FTSE 100
companies calling for the application of Living Wage standards
across all UK operations.
But this campaign is not just about big insitutional investors.
It's also going to involve action by individual shareholders at a
host of FTSE 100 AGMs over the course of the year.
But you don't have to be a shareholder to get involved. Together
we hold billions of pounds through our bank accounts, ISAs,
pensions, and even insurance policies. This gives us the power to
positively influence some of the biggest companies in the world. We
believe that activating the power of our organised money can
literally change lives, helping to lift families out of working
poverty. Find out how you can add your voice to the call for Living
Wages today.
What is the
Living Wage?
- A Living Wage is the minimum hourly wage necessary for housing,
food and other basic needs for an individual and their family.
- Living Wage employers ensure all their own staff and those of
their on-site contractors are paid at least the Living Wage across
all UK operations.
- Living Wage rates are based on Minimum Income Standards
methodology and take account of real living costs for essential
goods and services. Within London, the Mayor's Office announces the
Living Wage figure each year - currently £8.30 per hour. Outside
London, the Centre for Research in Social Policy at Loughborough
University has calculated a single rate for the regions which is
£7.20 per hour.
- These Living Wages rates can be contrasted to the National
Minimum Wage, which is just £6.08 per hour.
Why pay Living Wages?
Low pay is a growing
problem in the UK and is closely associated with other social
disadvantages including poor health, substandard housing and
personal debt.
Excluding young workers, amongst whom low pay is even more
prevalent, 3.5 million working adults aged over 22 were earning
less than £7 in 2010.
Take action now
Lloyds Banking Group
Lloyds is the UK’s largest retail bank with
1,900 branches across the country. Thanks to the government’s
bank bail out, 41% is owned by us, UK tax payers.
Lloyds Banking Group is not a Living Wage
employer and, right now, it’s not doing enough to put this right.
Lloyds has told us it supports the idea of paying a Living Wage for
all its directly employed staff – but we’re worried that it is
ignoring the security guards and cleaners that work in their
branches across the UK.
We think it’s time Lloyds heard just how much
this matters to staff, customers, shareholders and the communities
where
Lloyds has a branch.
Help us close the gap by demanding that
all workers at Lloyds get a Living Wage - please sign the petition
below.
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The taxpayer bailout for Lloyds Bank was
over £17 billion. Lloyds’ new chief
executive’s pay deal is worth up to £13.4 million. The cleaners at
Lloyds earn less than the Living Wage. Don't Lloyds workers deserve
a wage they can live on?
Please sign the petition to demand that all workers at Lloyds
get a living wage.
Dear Sir Winfried Bischoff,
I would like you, as Chairman of Lloyds Banking Group, to see
that Lloyds Banking Group becomes a Living Wage employer. Paying
Living Wages is the right thing to do for workers and communities,
brings business benefits, and would be concrete evidence of Lloyds’
commitment to CSR.
At your AGM in May, you confirmed Lloyds’ support for directly
employed staff to be paid at least the Living Wage. Positive as
this is, I want to see all staff who work for the Group enjoy
Living Wages, even if employed by a contractor.
Can you now confirm that Lloyds Banking Group will:
- become an accredited Living Wage employer on a UK-wide
basis
- promote this good practice among your peers, in particular
other Olympics partners, given the Olympic Delivery Authority’s
support for the Living Wage
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