Topic filter : Inequality

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.... . The Resolution Foundation, which does a great deal of work on inequality, says that the income tax system is relying too much on the richest 10%, which is a problem because their earnings are volatile. ... [Read full article on BBC ]
Wednesday 19th of April 2017 01:31:06 PM
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....8 million customers have interest-only mortgages and many do not have strategies to repay them, including some that must be repaid by 2020. Its risk outlook warns of “intergenerational wealth inequality”, which will force younger people to work longer than their elders if they want to retire on similar terms. ... [Read full article on Guardian ]
Tuesday 18th of April 2017 05:32:29 PM
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.... Bunkering down and hoping the flames of populism burn out as economic growth picks up is not a winning strategy. The crisis of confidence in the benefits of globalization and multilateralism likely will persist as long as rates of social and economic inequality remain stubbornly high. ... [Read full article on Guardian ]
Friday 21st of April 2017 02:30:17 PM
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.... The IMF fears that a fresh dose of unemployment and a renewed squeeze on living standards would intensify populism, nationalism and protectionism – and it is right. For some time, the IMF has been pumping out reports warning that rising inequality represented a danger, not least because it was bad for growth. ... [Read full article on Guardian ]
Thursday 20th of April 2017 05:53:27 PM
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.... It also found that the decline in share of income going to labour caused by technology and global integration “has been particularly sharp for middle-skilled labour” – with the biggest falls occurring in manufacturing. But while falling real unit labour costs are trumpeted by businesses as crucial for maintaining Australia’s “competitiveness”, the IMF found that there was a strong correlation between falling shares of income going to labour and increasing inequality. ... [Read full article on Guardian ]
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Latest Finance News related to Inequality

Protectionism is rising the world over. Our best defense is fighting inequality | Wally Adeyemo image
.... Bunkering down and hoping the flames of populism burn out as economic growth picks up is not a winning strategy. The crisis of confidence in the benefits of globalization and multilateralism likely will persist as long as rates of social and economic inequality remain stubbornly high. ...
The Guardian view on the IMF: a global institution in an age of protection | Editorial image
.... The IMF fears that a fresh dose of unemployment and a renewed squeeze on living standards would intensify populism, nationalism and protectionism – and it is right. For some time, the IMF has been pumping out reports warning that rising inequality represented a danger, not least because it was bad for growth. ...
IMF shifts from dismal to pessimistic, but has a sharper message about inequality | Greg Jericho image
.... It also found that the decline in share of income going to labour caused by technology and global integration “has been particularly sharp for middle-skilled labour” – with the biggest falls occurring in manufacturing. But while falling real unit labour costs are trumpeted by businesses as crucial for maintaining Australia’s “competitiveness”, the IMF found that there was a strong correlation between falling shares of income going to labour and increasing inequality. ...
Reality Check image
Source : BBC [Read Article] Wednesday 19th of April 2017 01:31:06 PM
.... . The Resolution Foundation, which does a great deal of work on inequality, says that the income tax system is relying too much on the richest 10%, which is a problem because their earnings are volatile. ...
Brexit, PPI and high cost credit are top priorities for City watchdog image
Source : Guardian [Read Article] Tuesday 18th of April 2017 05:32:29 PM
....8 million customers have interest-only mortgages and many do not have strategies to repay them, including some that must be repaid by 2020. Its risk outlook warns of “intergenerational wealth inequality”, which will force younger people to work longer than their elders if they want to retire on similar terms. ...
Finally, a breakthrough alternative to growth economics – the doughnut | George Monbiot image
.... But the answers appear elusive. Faced with a multifaceted crisis – the capture of governments by billionaires and their lobbyists, extreme inequality, the rise of demagogues, above all the collapse of the living world – those to whom we look for leadership appear stunned, voiceless, clueless. ...
Donald Trump’s tax holiday 'would help top US companies save $300bn' image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:00:25 AM
.... There is no suggestion that any of the companies have acted illegally. Ana Arendar, Oxfam’s head of inequality, said: “These companies have deepened their use of tax havens and increased efforts to build influence to push for even greater tax breaks than they already have. ...
Free trade warning – IMF, WTO and World Bank say it must be defended image
....It added that technology was twice as important as globalisation in reducing labour’s share of income but said the ability of firms to outsource production to lower-cost countries had eroded workers’ bargaining power. The IMF said rising inequality had accompanied the shift in national income away from labour and towards capital. ...
Gender pay gap image
Source : BBC [Read Article] Thursday 6th of April 2017 11:50:56 AM
....The Women's Equality Party says women can use the new law to push an action plan or address an unconscious bias within their company. Hannah Peaker, chief of staff at the campaign group, said it would be an "eye-opener" for women who, once they see that inequality exists in "every sector and at every level", will start to address the issue. ...
Global productivity slowdown risks creating instability, warns IMF image
Source : Guardian [Read Article] Monday 3rd of April 2017 05:56:41 PM
....“Another decade of weak productivity growth would seriously undermine the rise in global living standards. Slower growth could also jeopardise the financial and social stability of some countries by making it more difficult to reduce excessive inequality and sustain private debt and public obligations. ...
UK's gender pay rankings will put discrimination under spotlight image
Source : Guardian [Read Article] Sunday 2nd of April 2017 12:16:22 PM
....At its simplest, this is naming and shaming. No one will want to be top of the gender pay inequality rankings. ...
Greens on three-day weekend plans: 'Bold ideas needed' for UK image
.... . Jonathan Bartley told BBC One's Andrew Marr Show that people felt "short-changed" by the economy, which he said had brought growing inequality. ...
Osborne’s huge tax giveaway starts for rich – as the poor are hit image
Source : Guardian [Read Article] Saturday 1st of April 2017 11:05:38 PM
....“These amount to unwise giveaways to richer households and unjustifiable takeaways from less well-off families. The result is higher inequality and a decision to squeeze living standards for low- and middle-income families at a time when rising prices are already outstripping wage growth. ...
New York's Fearless Girl statue to stay on till March 2018 image
Source : BBC [Read Article] Tuesday 28th of March 2017 03:27:38 AM
....Bill de Blasio said the relevant municipal agencies had backed the idea. The bronze Fearless Girl statue was placed on 8 March to draw attention to gender inequality and the pay gap in the corporate world. ...
Record numbers rely on parental cash to buy a property image
Source : BBC [Read Article] Sunday 26th of March 2017 11:08:30 PM
.... . "The way the housing market is operating is exacerbating inequality and impeding social mobility. ...
'Bank of mum and dad' making housing market more unfair, study finds image
Source : Guardian [Read Article] Sunday 26th of March 2017 11:01:43 PM
. The number of first-time buyers relying on family loans from the “bank of mum and dad” to fund their deposits is exacerbating inequality and impeding social mobility, a government-backed study has warned. ...
Why Scott Morrison needs to ignore armchair treasurers before the budget | Greg Jericho image
....And it would do well to remember that the mining boom years are over, and what amounts to good policy – regardless of what the old warriors might think – has changed. A budget that treats growth as though that’s all that matters and ignores inequality is bad policy that will, as was the case for Joe Hockey, see Morrison quickly take on a new narrative – that of a coach under pressure to keep his job. ...
Second cycle courier wins holiday pay at gig economy tribunal image
Source : Guardian [Read Article] Friday 24th of March 2017 12:56:13 PM
....Judge Joanna Wade said the contract Boxer had signed “did not reflect the reality of the situation” and he had signed it because he had no choice. “The inequality of bargaining power at this point was very notable,” she said in a two-page ruling. ...
Millions of UK workers at risk of being replaced by robots, study says image
.... In some sectors half the jobs could go. The report predicted that automation would boost productivity and create fresh job opportunities, but it said action was needed to prevent the widening of inequality that would result from robots increasingly being used for low-skill tasks. ...
Why becoming a tax haven would be bad news for Britain image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:42 PM
.... Since the proportion of food in the total spending of people on lower incomes is higher than that of people with larger incomes, such taxes tend to be regressive: proportionately the poorest pay more. The net result is obvious: the tax systems in tax havens tend to reinforce inequality rather than tackle it. ...
Call to give fathers allocated leave to improve uptake image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:23:33 PM
.... The leave is given to the mother and she gives to the guy if she wants. That communicates a really unfortunate message – which is a foundation of gender inequality in our society – that caring is a women’s role. ...
Bosses' incomes are 386 times higher than Living Wage image
Source : BBC [Read Article] Wednesday 22nd of March 2017 01:21:15 PM
....Other suggestions aimed at curbing corporate pay included improving the effectiveness of remuneration committees and the extent to which they must consult shareholders and workers on executive pay levels. The Equality Trust, which was set up in 2009 and aims to reduce economic inequality, examined the 2015 annual reports of FTSE 100 companies. ...
Why robots should be taxed if they take people's jobs | Robert Shiller image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 11:18:12 AM
....The idea of a tax on robots was raised last May in a draft report to the European parliament prepared by MEP Mady Delvaux from the committee on legal affairs. Emphasising how robots could boost inequality, the report proposed that there might be a “need to introduce corporate reporting requirements on the extent and proportion of the contribution of robotics and AI to the economic results of a company for the purpose of taxation and social security contributions”. ...
FTSE CEOs 'earn 386 times more than workers on national living wage' image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:27 AM
.... The pressures on households stem partly from Brexit worries knocking the pound lower and raising the price of imports to the UK. Those factors underscore the challenge for Theresa May to take the UK out of the EU while vowing to cut inequality and create an economy that “works for everyone”. ...
K-Drama image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:11:15 AM
....The trial is significant because South Korea's family-controlled conglomerates, or "chaebols", used to be considered untouchable given they have powered much of the country's economic growth. But in recent years, the chaebols and their family members have become the focus of public anger over inequality and corruption. ...
Forbes billionaire list: Trump loses $1bn as elite club gets 233 new members image
....Oxfam said the creation of so many new billionaires in one year was a sign of “economic sickness rather than health”. “Our warped economic model leads to more unequal societies that trap millions of people in poverty - it allows an elite group to accrue extreme wealth while one in nine people go to bed hungry every night,” Max Lawson, Oxfam’s head of inequality policy, said. ...
Happiness report: Norway is the happiest place on Earth image
Source : BBC [Read Article] Monday 20th of March 2017 08:43:03 AM
....This year's report also contains a chapter titled "restoring American happiness", which examines why happiness levels in the United States are falling, despite constantly-increasing economic improvement. "The United States can and should raise happiness by addressing America's multi-faceted social crisis - rising inequality, corruption, isolation, and distrust - rather than focusing exclusively or even mainly on economic growth," the authors said. ...
An automated world is coming but can we make sure no-one is left behind? | Greg Jericho image
....And that in itself is not bad, but it works only if there is the option of working those hours. But what if automation reduces national employment by 20%? What happens to those people who are left out? On the current welfare system we would see massive gaps in inequality and a pretty horrific change in the look of our society. ...
Governments must keep reforming to win back voters' trust, says OECD image
Source : Guardian [Read Article] Friday 17th of March 2017 02:40:37 PM
. Governments must push through more fundamental reforms to boost growth, cut inequality and protect workers from rapid changes in technology if they are to win back the trust of voters, the west’s leading economics thinktank has warned. ...
Child poverty in UK at highest level since 2010, official figures show image
Source : Guardian [Read Article] Thursday 16th of March 2017 02:45:20 PM
....The government said the wider household data showed the UK economy was strong. Household incomes have risen, income inequality is lower than in 2010, and the number of children in workless households has fallen. ...
Household incomes crept up last year, DWP figures show image
Source : BBC [Read Article] Thursday 16th of March 2017 11:20:14 AM
.... . "The period since the recession has been defined not by sharp rises in inequality or poverty, but historically slow growth in average incomes - in 2015-16 average income for working-age adults was no higher than eight years previously. ...
Ultra-rich protect wealth with spread of 'family offices' image
Source : BBC [Read Article] Thursday 16th of March 2017 01:44:49 AM
....These family offices "play a crucial role" in how advantages are handed on between generations, with full-time staff able to make long-term, strategic planning, says the study. "The rise of elite dynasties, economic inequality, and the vast concentrations of global wealth in recent times means that the role of the 'family office' in our society demands scrutiny," says Dr Glucksberg. ...
Marked down image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:14:06 AM
....Their overall marks also decreased disproportionately. As a result, the researchers conclude that "the anti-corruption campaign resulted in increased inequality between poor and non-poor students" - and that it "significantly reduced their chances of entering higher education". ...
Bogus self-employment exploits workers and scams the taxman | Paul Mason image
....That building site around the corner, then, embodies the ultra-capitalist dream: there are officially no workers there, only company within company within company, all taking advantage of generous capital allowances, tax-deductible expenses and self-assessment to reduce their tax burden. This scam exists, like all the others, because of the massive inequality of power between employers and their workforce, and because government turns a blind eye. ...
Philip Hammond’s budget – our writers give their views | Polly Toynbee, Zoe Williams, Frances Ryan, Faiza Shaheen and Kate Maltby image
.... There was nothing in this budget on tackling poor job quality or on addressing the housing crisis. Brexit is the biggest challenge the country will face in several generations, but as we gear up for this unprecedented change, we have a chancellor doing nothing but rearranging the deckchairs and locking in income and educational inequality for generations. ...
Girl statue faces Wall Street bull to fight gender inequality image
Source : BBC [Read Article] Wednesday 8th of March 2017 12:01:19 PM
....Tourists visiting New York's Wall Street today may get a surprise. A statue of a young girl has been placed in front of Wall Street's iconic bull, to call attention to gender inequality and the pay gap in the corporate world. ...
Hammond gets budget boost as OECD upgrades UK growth forecast image
Source : Guardian [Read Article] Tuesday 7th of March 2017 10:00:39 AM
....The thinktank’s upgrade for the UK came ahead of the chancellor’s spring budget on Wednesday, when he is expected to unveil a brighter outlook for the economy and public finances while making the case that he must keep back any extra money to help the UK weather uncertainties from the Brexit process. The OECD did not single out Hammond, but used its interim economic outlook on Tuesday to urge all governments to make the most of any fiscal wriggle room they have to support economic growth and to tackle inequality. ...
Brexit budget: what leave and remain voters in Hull and London want image
Source : Guardian [Read Article] Monday 6th of March 2017 08:23:59 AM
.... Asked what she wanted from the budget she says her priorities would be more money for education and the NHS. She says she wants more to be done to tackle wealth inequality between the north and the south of the country, but also argues that the north-west is given preferential treatment to the north-east. ...
Trump could end global trade and force choice between US and China, says economist image
.... “He is the leading edge of where we are going, based on what we see elsewhere too. It’s a global trend, driven by weak demand and rising inequality. ...
Budget 2017: Hammond to tell us the Brexit vote could have been worse image
.... Wages will struggle to match rises in inflation and the government’s benefit cuts mean that incomes will fall for the poorest people in Britain. In short, unless the government does something significant to improve living standards this week, inequality will start rising again. ...
A budget in the shadow of Brexit leaves Hammond short of choices image
Source : Guardian [Read Article] Saturday 4th of March 2017 07:11:34 PM
.... Will Hammond want to be responsible, not just for the nation’s parks looking dishevelled, but for pushing councils to the edge of breaching their legal responsibilities for providing mandatory services, such as children’s mental healthcare?. Here we look at what he is already scheduled to do, what rabbits might come from his hat, and what he should do to prevent inequality worsening, while putting the economy on a surer footing. ...
A budget in the shadow of Brexit leaves Hammond short of choices image
Source : Guardian [Read Article] Saturday 4th of March 2017 04:04:00 PM
.... Will Hammond want to be responsible, not just for the nation’s parks looking dishevelled, but for pushing councils to the edge of breaching their legal responsibilities for providing mandatory services, such as children’s mental healthcare?. Here we look at what he is already scheduled to do, what rabbits might come from his hat, and what he should do to prevent inequality worsening, while putting the economy on a surer footing. ...
IFS: Growth in UK living standards worst in 60 years image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:01:10 AM
....Britain is in the midst of the weakest growth in living standards in at least 60 years, with low income families faring the worst, a leading thinktank has warned. Weak earnings growth, together with changes to taxes and benefits, will lead to a rise in inequality by 2021-22, according to the Institute for Fiscal Studies (IFS). ...
‘Housing should be seen as a human right. Not a commodity’ | Patrick Butler image
.... I believe in good design, but I see this and I see huge, huge sums of money, for me staggering sums of money, being poured into these places not as homes but as investment,” says Farha. “How does it make me feel? One, too much inequality. ...
Firms urged to publish ethnic breakdown image
Source : BBC [Read Article] Tuesday 28th of February 2017 03:12:53 AM
....A government-backed review has called for many firms to publish a breakdown of their workforce by race and pay. The report by Baroness McGregor-Smith said the economy could receive a £24bn annual boost if businesses stamped out ethnic inequality. ...
Spring budget 2017: drop in government borrowing predicted image
Source : Guardian [Read Article] Tuesday 28th of February 2017 12:01:13 AM
....It also urged the chancellor to rethink planned tax cuts and address Britain’s regional, generational and income divides. That followed its recent analysis that current tax and benefit policies would cause the biggest increase in inequality since Margaret Thatcher’s last term in office. ...
Blair is right on Brexit: parliament must have a democratic debate | Anatole Kaletsky image
.... Immigration did rank at the top, but, as Blair noted in his speech, anti-immigration sentiment was mainly against multicultural immigration, which had little or nothing to do with the EU. The leave campaign’s strategy was therefore to open a Pandora’s box of resentments over regional imbalances, economic inequality, social values and cultural change. ...
Indonesia's four richest men worth as much as poorest 100 million image
Source : Guardian [Read Article] Thursday 23rd of February 2017 02:01:50 AM
. The four richest men in Indonesia own as much wealth as the country’s poorest 100 million citizens, despite the nation’s president repeatedly pledging to fighting “dangerous” levels of inequality. ...
One in four UK families have less than £95 in savings, report finds image
Source : Guardian [Read Article] Monday 20th of February 2017 07:01:30 AM
....Brencher said: “Although mortgage rates are at record lows, qualifying for these deals and getting a deposit can be difficult for those with limited household income or unusual circumstances. Britain’s broken housing market means becoming a homeowner is a distant dream for many families and government plans must swiftly be turned into action to stem the tide of inequality. ...
The supermarket food gamble may be up | Felicity Lawrence image
Source : Guardian [Read Article] Monday 20th of February 2017 06:00:29 AM
.... In a new era of protectionism and with the UK heading out of the EU, that looks increasingly complacent. A decade ago, the Ministry of Defence predicted that changes to the climate, globalisation and global inequality would “touch the lives of everyone on the planet” within the next 20 years. ...
Is Finland’s basic universal income a solution to automation, fewer jobs and lower wages? image
.... Some of these new converts have alighted upon the basic income as an answer to our fragmenting welfare state. They point to the increasingly precarious nature of today’s labour market for those in low-paid, low-skilled work: growing wage inequality, an increasing number of part-time and temporary jobs, and rogue employers routinely getting away with exploitative practices. ...
Britons spend more on food and leisure, less on booze, smoking and drugs image
Source : Guardian [Read Article] Thursday 16th of February 2017 11:03:11 AM
....Wanda Wyporska, executive director at the trust, said there were often misconceptions about how lower income families spend their money, and that many people were working, budgeting and making difficult choices about which necessities to go without. “There’s a gargantuan gap in spending between the richest and poorest households because there is such huge inequality in our society. ...
The baby boomers have enjoyed the good times – now a tax hike is due | Phillip Inman image
.... This group of baby boomers worked for employers with generous guaranteed pension schemes and can now enjoy several holidays a year, a 4x4 in the driveway and provide a deposit for their grandchild’s first home. That might be considered a good thing if it were not for the fact that the cost is unaffordable, is damaging the ability of British business to invest in the future, and fuelling inequality between generations and among the nation’s 12 million over-65s. ...
Pimlico Plumbers loses appeal against self-employed status image
Source : Guardian [Read Article] Friday 10th of February 2017 12:12:29 PM
....Employment law experts said the Pimlico Plumbers ruling would have significant implications for the ongoing dispute over employment status. Natalie Razeen, employment law solicitor at Russell-Cooke, said the decision “suggests that courts are alive to the inequality of bargaining power faced by individuals in these circumstances. ...
Democrats must do to the Dakota pipeline what they did to Betsy DeVos: resist | Kate Aronoff image
....Like the rest of the country, that rebellious base also happens to be more progressive than ever. Majorities of Americans believe the rich pay too little in taxes, want to tackle inequality and take issue with how black people are treated by police. ...
Scotland needs publicly funded bank, says thinktank image
Source : Guardian [Read Article] Monday 6th of February 2017 07:00:20 AM
.... “UK government austerity is bad enough; reducing the budget further through excessive debt repayments is self-inflicted damage,” he added. Laurie Macfarlane, an economist at the New Economics Foundation, said: “Meeting the key challenges of the 21st century – climate change, demographic change and economic inequality – requires substantial amounts of long-term and sustainable investment,, but relying on expensive private financing schemes has saddled taxpayers with eye watering costs and poor quality outcomes. ...
Rising incomes mean nothing if prices rise even faster | Letters image
Source : Guardian [Read Article] Sunday 5th of February 2017 12:05:43 AM
. As with so many pieces about levels of inequality (“If all the economic figures are so good, why do we feel so bad?”, Comment), Torsten Bell concentrates too much on income levels. ...
Britons to suffer biggest rise in inequality since Margaret Thatcher, warns think tank image
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UK faces return to inequality of Thatcher years, says report image
Source : Guardian [Read Article] Tuesday 31st of January 2017 11:26:31 PM
. Pressure on the government to help struggling Britons has intensified after a leading thinktank warned that falling living standards for the poor threatened the biggest rise in inequality since Margaret Thatcher was prime minister. ...
Retreat from globalisation will destabilise the world economy | Mohamed El-Erian image
....But there have been other lapses, too. For example, political obstacles to comprehensive economic policymaking in many advanced economies have undermined the implementation of structural reforms and responsive fiscal policies in recent years, holding back business investment, undermining productivity growth, worsening inequality, and threatening future potential growth. ...
Statisticians fear Trump White House will manipulate figures to fit narrative image
....US statisticians are concerned that Donald Trump’s administration might suppress or manipulate public statistics that don’t fit his narrative of the truth, the Guardian has learned. In a series of interviews, individuals who have recently left high-level positions at federal statistical agencies expressed worry that the administration may stop collecting and publishing data on subjects such as abortion, racial inequality and poverty. ...
Brexit has allowed the banks to get off Britain's naughty step image
Source : Guardian [Read Article] Sunday 29th of January 2017 04:00:28 PM
....“All of the efficiency gains since then, as a result of the new information technologies, globalisation, and other developments, have been captured by those who run the industry and not shared with consumers. This has been one of the single largest contributors to worsening income inequality. ...
Want to know how society's doing? Forget GDP – try these alternatives | Mark Rice-Oxley image
.... You can’t eat a Treasury bill, after all. One of the lessons of the 20th century was that inequality breeds revolt and revolutions never end well. ...
Tobacco giant Imperial Brands rethinks CEO's pay rise after revolt image
Source : Guardian [Read Article] Thursday 26th of January 2017 10:31:52 AM
....”. During Theresa May’s campaign to become prime minister she highlighted pay inequality. ...
Gender pay gap starts early with 20% disparity in pocket money – study image
Source : Guardian [Read Article] Tuesday 24th of January 2017 12:01:31 AM
....50. The report, which is conducted annually and is based on online surveys with 2,000 schoolchildren, reveals not only the inequality between boys and girls in terms of hard cash, it also indicates the different messages parents give their sons and daughters about money and financial management. ...
'There's a danger of a generation who can't afford to retire' image
Source : Guardian [Read Article] Monday 23rd of January 2017 08:05:59 AM
....{{callout link two}}. It’s my intention to reflect as many of those experiences as possible – but also to ask why we have arrived at this point of enormous wealth inequality between both peers and generations, and what happens next. ...
The new robot revolution will take the boss's job, not the gardener's image
Source : Guardian [Read Article] Sunday 22nd of January 2017 01:38:08 PM
....There was, however, not much evidence that the bankers, the oil company executives and the Silicon Valley tech entrepreneurs were listening. They know they are supposed to wring their hands about inequality and to say that something must be done to stem the tide of populism but they are not prepared to countenance anything that might help, such as higher minimum wages, more collective bargaining, higher taxes to pay for an expansion of education and training, and greater redistribution. ...
Brad Pitt and Angelina Jolie: faces of the new 'global citizen class'? image
Source : Guardian [Read Article] Friday 20th of January 2017 05:50:56 PM
....Wealth-X said the number of rich people with more than five homes could easily be far higher than 21,000, because its research was compiled from publicly available data and would not count homes bought via trusts, offshore companies or owned in the name of a spouse or other relative. Oxfam, which this week said the world’s eight richest people control the same wealth between them as the poorest half of the global population, said the growing property portfolios were another sign of the global inequality crisis. ...
Companies must share benefits of globalisation, Theresa May tells Davos image
Source : Guardian [Read Article] Thursday 19th of January 2017 11:21:27 AM
....Theresa May has told the world’s biggest companies they need to start paying their taxes and treat their workers more fairly in order to address the concerns of those who feel left behind by globalisation. In a keynote speech to the World Economic Forum, the prime minister said governments could not rely on international market forces to deliver prosperity for everyone and action was needed to address the “deeply felt sense of economic inequality that has emerged in recent years”. ...
Middle classes in crisis, IMF's Christine Lagarde tells Davos 2017 image
Source : Guardian [Read Article] Wednesday 18th of January 2017 11:51:21 AM
. The head of the International Monetary Fund, Christine Lagarde, has called for urgent action to tackle a “middle-class crisis” hitting working people as she warned that inequality, distrust and a lack of hope were fuelling growing populism. ...
Globalisation has made the world a better place | Jim O'Neill image
Source : Guardian [Read Article] Wednesday 18th of January 2017 10:07:59 AM
.... Despite its supposed economic challenges, China will likely be a bigger importer than the EU before this decade is over, and it will probably surpass the US soon thereafter. Moreover, economic inequality among countries has declined sharply in the past 20 years, owing partly to China’s rise, as well as to economic development across Asia, Latin America and elsewhere. ...
Top bosses question benefits of globalisation, PwC survey finds image
Source : Guardian [Read Article] Monday 16th of January 2017 06:30:16 PM
. Executives running the world’s leading companies share public scepticism about the benefits of globalisation and doubt whether breaking down barriers to trade has helped tackle climate change or inequality. ...
IMF upgrades UK forecast but notes Brexit terms are 'unsettled' image
Source : Guardian [Read Article] Monday 16th of January 2017 02:00:25 PM
....The IMF used an update to its economic forecasts to highlight popular antipathy towards international trade and a widening in the gap between rich and poor. It called on governments to tackle inequality by helping people find work in fast-changing jobs markets shaken up by technology and globalisation. ...
Eight men own more than 3.6 billion people do: our economics is broken | Mark Goldring image
.... But painting these individuals as the villains would be unfair. The eight include some of the world’s largest philanthropists and those, such as Warren Buffett and Bill Gates, who have spoken out against the shocking scale of inequality in the world. ...
UK economy is overheating and veering towards stagflation image
Source : Guardian [Read Article] Monday 16th of January 2017 07:00:17 AM
.... Thus while some workers will no doubt enjoy pay rises over the coming year, when combined with the food and energy effects it is unlikely that most will keep up with the rising cost of living. In 2016 the Bank of England found itself persistently on the defensive, including over government claims that its aggressive monetary policies, such as quantitative easing, have exacerbated inequality. ...
World's eight richest people have same wealth as poorest 50% image
Source : Guardian [Read Article] Monday 16th of January 2017 12:01:08 AM
....6 billion people. The development charity called for a new economic model to reverse an inequality trend that it said helped to explain Brexit and Donald Trump’s victory in the US presidential election. ...
Fischer Energy joins UK retail market with 100% renewable offer image
Source : Guardian [Read Article] Sunday 15th of January 2017 04:49:38 PM
.... Experts have raised concerns that the retail energy market is approaching saturation point and question the wisdom of consumers signing up for a variable tariff at a time of rising wholesale prices. Keith Bastian, Fischer’s chief executive, said he had been motivated to start the company because of the inequality of multiple tariffs, and that offering a single tariff would reduce confusion. ...

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