Glossary

We have made every effort to keep our website free of jargon but realise some words, phrases and acronyms may need further explanation. Our glossary contains definitions for business and financial terms used throughout this site.

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London Living Wage
An hourly rate set independently and updated annually. The London Living Wage is calculated according to the basic cost of living in London and calculated by the Greater London Authority. Employers choose to pay the London Living Wage on a voluntary basis.

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