UK employers who have committed to paying the voluntary ‘real living wage’ are being urged to bring forward a planned rise for November by two months, in the wake of soaring inflation, The FT has reported.

The Living Wage Foundation – a charity that campaigns for fair pay – is to bring forward its announcement on the 2022-23 living wage rate to September and will encourage employers to pay the new rate as soon as possible.

“Rising prices are eating away at all of us, but nobody is feeling the pinch more than the 4.8mn low paid workers across the UK,” said Katherine Chapman, the foundation’s director.

“It’s never been more important that employers who can afford it protect those who will be most affected by price rises.”

More than 10,000 employers are now accredited with the foundation, meaning they have committed to pay all employees and contractors in their supply chain at an hourly rate that is higher than the statutory minimum, and recalculated each year to reflect everyday living costs.