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July 20, 2017

The Living Wage Foundation is pleased to announce that Dragonsavers Credit Union has accredited as a Living Wage employer.


Their Living Wage commitment will see everyone working at Dragonsavers Credit Union, regardless of whether they are direct employees or third-party contracted staff; receive a minimum hourly wage of £8.45. This rate is significantly higher than the statutory minimum for over 25s of £7.50 per hour introduced in April 2017.


The real Living Wage is an hourly rate set independently and updated annually. The Living Wage is calculated according to the real costs of living.


Dragonsavers General Manager, Christina Stoneman said “we consider our staff as an investment not an expenditure, paying the living wage is part of our commitment to them and demonstrates the value we put on the skills and experience of our staff.”


Employers choose to pay the real Living Wage on a voluntary basis. The Living Wage enjoys cross-party political support.


Katherine Chapman, Director, Living Wage Foundation said: “We welcome Dragonsavers Credit Union to the Living Wage movement as an accredited employer.


“Responsible businesses across the UK are voluntarily signing up to pay the real Living Wage now. The real Living Wage rate is annually calculated to reflect the real costs of living.”

“We are a movement of over 3000 UK employers who together want to go further than the government minimum to make sure all their staff earn enough to live on. We have lots of small businesses as well as big household names like; IKEA, Aviva, Chelsea and Everton Football Clubs and many more.

These businesses recognise that the Living Wage accreditation is the mark of a responsible employer and they, like Dragonsavers Credit Union join us, because they too believe that a hard day’s work deserves a fair day’s pay."