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There is a general election on the horizon and some bloggers are starting to focus on issues that should be important when it takes place – such as the rise and rise of inequality here in the UK, also known as the birthplace of modern justice. Here’s a quick piece by OliverJamesOpinion that sets the scene:

inequality

1)  The wealthiest 10% of people in Britain own 850 times more than the poorest 10%.

2)  Since 1979, the poorest 10% of people have been getting a smaller and smaller percentage of income (around 3%), while the richest 10% have received more and more each year (around 31%).

3)  The wealthiest 10% in Britain own 41% of income, while the poorest 20% receive only 8% of income.

4)  It is reported that inequality costs the UK £31-£33 billion per year through lost productivity, state benefits and costs to the NHS through poor health.

5)  Since 1986, the top 1% have seen an increase in their earnings of 117%, whereas the bottom 10% have only seen a 47% increase in earnings. The National Minimum Wage would currently be £18.89 if it had kept up with inflation.

britin

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