UK’s income gap widest since 60s

Most newspapers endlessly discuss politicians’ lives but the real scandal can be seen in this quote

The Guardian, Friday 8 May 2009

Since Tony Blair’s third election victory, the poorest 10% of households have seen weekly incomes fall by £9 a week to £147 once inflation is accounted for, while those in the richest 10% of homes have enjoyed a £45 a week increase to £1,033.

The data shows that the second poorest 10% of households has also had to make do with less since 2005. Overall, the poorest 20% saw real income fall by 2.6% in the three years to 2007-08, while those in the top fifth of the income distribution enjoyed a rise of 3.3%. As a result, income inequality at the end of Labour’s 11th year in power was higher than at any time during Margaret Thatcher’s premiership.

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