Groundhog day: UK stuck in rut of high inequality
Official Households Below Average Income statistics show that thanks to modest income growth across the distribution, the Gini measure of income inequality before housing costs has increased only slightly from 34 per cent to 35 per cent. While it’s not a statistically significant increase, what is hugely significant is that this is yet another year of failure to create a fairer society. You’ll see a lot of people today stating that inequality is the same as it was 25 years ago. For the avoidance of doubt, this is categorically not a good thing. That our current situation is comparable with inequality levels following a meteoric rise through the late 1970s and 1980s is no cause for complacency, let alone celebration.