Political leaders, national and global, continue to declare verbal war on growing inequality. But instead, Britain is on course to become a society ever more divided between extreme affluence and mass impoverishment and there are very few radical ideas on the table about how to prevent it. Stewart Lansley argues that it’s time we took the idea of social […]
If the Conservatives are now committed to a philosophy of inequality, they are no longer conservatives
Recent revelations about David Cameron’s personal finances have chimed with wider debates about wealth inequality. The episode has not only raised questions about the way in which disparities of income are legitimated, but it has also led some to suggest that Britain’s social elite is engaged in the ‘veiled pursuit of the interests of one class against another’. But […]
Against the backdrop of rising economic inequality, Why We Can’t Afford the Rich tackles the myth that the rich are vital wealth creators. Instead, Andrew Sayer outlines the negative societal and environmental impact of unsustainable growth and extreme concentrations of wealth. Winner of the 2015 British Academy Peter Townsend Prize, this is a readable and persuasive book, even if some of its […]
With the UK set to become the most unequal of rich countries, the Conservative government’s policies are constantly being criticised for widening, rather than tackling, inequality. But when it comes to alternatives, could Corbyn’s answers to economic problems be more than wishful thinking? Do the rich have a special wealth-creating talent, and are those living on welfare inactive and […]
The postcode lottery of children’s exam results points towards deeper inequalities in health and development
Exam results are the latest issue to get the ‘postcode lottery’ rhetoric; however, Keith Clements from the National Children’s Bureau argues that attention must also be paid to what happens to children before their first day in class.
Nicky Morgan was right to point out disparities in academic attainment across the country in her recent speech on ‘one nation education’. Of course, the […]
How does debt relate to deepening income and wealth inequality? The most recent research by the Organisation for Economic Co-operation and Development shows clearly the multiple ways in which growing inequality is inhibiting economic renewal. Johnna Montgomerie considers how the current unprecedented scale and scope of indebtedness reconfigures the established relationships between labour markets, income and wealth dynamics.
Financialisation and increasing income inequality have been two of the most important developments in the last three decades. But what is the connection between the two phenomena? Does financialisation contribute to the increase in income inequality? Karsten Köhler, Alexander Guschanski and Engelbert Stockhammer provide evidence for a negative effect of financialisation on functional income distribution in OECD countries.
The last […]
In his March 2015 Budget speech, Chancellor George Osborne emphasised that austerity measures over the 2010-15 Parliament had been fairly shared: inequality had fallen and the British people were ‘all in this together’. In this article, Gabriel Zucman examines how the UK stands in terms of the levels and changes in inequality of pre-tax and benefit income and net […]