But. (There's always one.) JP Morgan paid an average of £230k to its employees last year, while Bank of America gave an average $400k bonus to its investment bankers. Yet their cleaners were still on less than £7.85 an hour? Surely such wealthy corporations shouldn't need a Mayoral initiative to pay decent rates. However, they're doing it now so a big thumbs up - and with only 115 organisations signed up, an expectantly raised eyebrow in the direction of all the others.
Big Firms Sign Up To London Living Wage
Last Updated 17 November 2010