Happy Living Wage week! How are you celebrating? You’re not? What a surprise. Whilst most people could probably have a guess at what the Living Wage Foundation is lobbying for, thanks to its largely self-explanatory title, let’s just take a moment to clear up what it actually means. The Living Wage is a minimum wage that aims to provide a level of income that accurately reflects the cost of living, currently £8.55 in London and £7.45 in the rest of the UK (why it is fair to have different wage rates in and out of London, but regional pay in public services is a no-go for the left is a baffling hypocrisy that will not be examined here). For the purpose of this blog, we will be using non-London figures for a 21 year old worker doing 35 hours a week in the current tax year.