Topic filter : Inequality

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.... . Gender inequality in Japan is widely reckoned to be worse than anywhere else in the developed world, with women continuing to struggle for recognition in the workplace. ... [Read full article on BBC ]
Sunday 21st of May 2017 11:17:43 PM
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.... A recent paper by New York University’s Julian Kozlowski, Laura Veldkamp and Venky Venkateswaran argues that it is rational to harbour such fears, because once a formerly unthinkable event actually occurs, one is justified in not forgetting it. My own theory about today’s stagnation focuses on growing angst about rapid advances in technologies that could eventually replace many or most of our jobs, possibly fueling massive economic inequality. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 12:35:18 PM
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.... They could have boosted infrastructure spending without the need to borrow, paid for regeneration in poorer areas, or funded a generous annual dividend paid to all citizens. Crucially, such funds offer a new instrument for tackling the UK’s extreme level of inequality. ... [Read full article on Guardian ]
Monday 22nd of May 2017 08:00:18 AM
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Latest Finance News related to Inequality

The economy is stagnant because people fear for the future | Robert Shiller image
.... A recent paper by New York University’s Julian Kozlowski, Laura Veldkamp and Venky Venkateswaran argues that it is rational to harbour such fears, because once a formerly unthinkable event actually occurs, one is justified in not forgetting it. My own theory about today’s stagnation focuses on growing angst about rapid advances in technologies that could eventually replace many or most of our jobs, possibly fueling massive economic inequality. ...
Could citizens’ wealth funds halt the dominance of the financial elite? image
.... They could have boosted infrastructure spending without the need to borrow, paid for regeneration in poorer areas, or funded a generous annual dividend paid to all citizens. Crucially, such funds offer a new instrument for tackling the UK’s extreme level of inequality. ...
Reproductive rebels image
Source : BBC [Read Article] Sunday 21st of May 2017 11:17:43 PM
.... . Gender inequality in Japan is widely reckoned to be worse than anywhere else in the developed world, with women continuing to struggle for recognition in the workplace. ...
The Guardian view on the economy: it’s bad | Editorial image
Source : Guardian [Read Article] Wednesday 17th of May 2017 06:48:00 PM
.... Britain’s recent experience seems to support what Thomas Piketty predicted in his bestselling book Capital in the 21st Century, namely that in an era of slow growth the owners of capital will fare better than those who rely on their wages and salaries to generate higher living standards. Greater inequality will result unless action is taken to prevent the concentration of wealth. ...
Labour manifesto: Extra £48.6bn in tax revenue to fund pledges image
....5% surcharge while salaries above £500,000 will be charged at 5%. Labour has said the move, designed to reduce pay inequality by bearing down on "very high pay", will only apply to firms with "high numbers of staff". ...
Labour reveals 'fat cat' tax pledge aimed at reining in excessive pay image
....5% levy on earnings above £330,000 and 5% on those above £500,000. Labour will justify the move – that will hit employers rather than workers and be calculated on the basis of basic salary, shares, bonuses and pensions rolled together – by claiming inequality is damaging society. ...
Battle ground image
Source : BBC [Read Article] Sunday 14th of May 2017 01:14:58 AM
.... There is also a large system of benefits that increase the incomes of poorer households. There are two reasons income tax revenues are so concentrated at the top: inequality and the way taxes are designed - there are higher rates for higher earners. ...
Mohamed El-Erian: ‘We get signals that the system is under enormous stress’ image
....This is the nub of El-Erian’s analysis of why the developed world is approaching a fork in the road. The inequality generated by the current low-growth climate has three elements: inequality of wealth, income and opportunity. ...
Theresa May is creating an epidemic of poverty. Don’t give her a free hand | Gordon Brown image
.... She intends to claim the result as a mandate for much else. And Britain cannot afford to give her carte blanche on the parlous state of the NHS, the biting cuts in education, the threats to civil liberties and our rising inequality. ...
The German economy is unbalanced – but Trump has the wrong answer image
....Most of all, more investment in infrastructure, health, and education would be good for Germany itself. Well-targeted public investment can raise productivity and boost living standards, ameliorate concerns about inequality, and address Germany’s economic weaknesses. ...
'Brexit boom' creates record number of UK billionaires image
Source : Guardian [Read Article] Sunday 7th of May 2017 12:20:36 PM
....“Record numbers of people visited food banks last year, millions are locked out of a decent home and two-thirds of children in poverty are in working households. “We know that inequality damages our economy and society, and makes it harder for ordinary people and their children to get on. ...
Bank of Mum and Dad is a major financial player - but could it be about to go bust? image
.... . Legal & General chief executive Nigel Wilson says as intergenerational inequality widens, the Bank of Mum and Dad is plugging the gap: “Younger people do not have the same opportunities that the baby-boomers had, including affordable housing, defined benefit pensions and free university education. ...
Automation poses a high risk to 1.2m Scottish jobs, report says image
...."To respond to the huge changes facing Scotland around demographic, technological and climate change - and of course Brexit - we're going to have to focus on retrofitting the current workforce to provide them with the skills they need, to deliver the inclusive economic growth we wish to see. "Our report makes a number of recommendations to help Scotland plot a path through these challenges, to reform the skills system in Scotland, to help to secure an economy that delivers fairness and reduces inequality. ...
The Great Recession hurt millions. Now, Republicans want to risk a repeat | Keith Ellison image
.... It’s a lie to say those two things are mutually exclusive. Prudent regulation enables prosperity; letting Wall Street rig the rules results in stagnation and inequality. ...
The science of inequality: why people prefer unequal societies image
Source : Guardian [Read Article] Thursday 4th of May 2017 08:00:04 AM
. Anyone looking for evidence that people have a natural aversion to inequality will find numerous laboratory studies that seemingly confirm their view. ...
Voices of the 1%: how do Britain's highest earners feel about their income? image
.... “While recognising their advantage compared to the general population, they experience disadvantage when ‘looking up’,” Hecht writes. “In their daily lives, [the top 1%] are surrounded by vast absolute income inequality, because the differences between top income earners are much higher than those between individuals situated in the middle of the distribution. ...
Bank of Mum and Dad helps QUARTER of home buyers on to propery ladder image
Source : Daily Express [Read Article] Tuesday 2nd of May 2017 01:08:00 PM
....Legal & General chief executive Nigel Wilson said: "The Bank of Mum and Dad continues to grow in importance in helping young people take their early steps on to the housing ladder. "The inter-generational inequality that creates the demand for Bank of Mum and Dad funding continues to widen - younger people today don't have the same opportunities that the Baby-Boomers had, including affordable housing, defined benefit pensions and free university education. ...
Bank of mum and dad 'involved in 26 per cent of property transactions in 2017'  image
.... . “The inter-generational inequality that creates the demand for Bank of Mum and Dad funding continues to widen - younger people today don't have the same opportunities that the Baby-Boomers had, including affordable housing, defined benefit pensions and free university education. ...
Are your parents helping you to buy your first home? image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 09:25:58 AM
....5bn this year to help them get on to the property ladder, according to research by Legal & General and economics consultancy Cebr. The ‘bank of mum and dad’ shows “intergenerational inequality” widening among those who can afford to help their children and those who can’t. ...
Theresa May promised to tackle greedy bosses – instead she’s helping them | Polly Toynbee image
.... Will that go the way of her promise to put workers on boards – “Because we are the party of workers” – an idea hastily abandoned once she was inside No 10?. The IFS warns that May’s regime is set to cause inequality to rise as steeply as it did under Margaret Thatcher. ...
'Bank of mum and dad' to lend £6.5bn this year, report predicts image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 05:01:18 AM
.... This is not a good thing, nor is it sustainable or equitable for our parents [the lenders] or young people [the borrowers]. “The intergenerational inequality that creates the demand for [parental] funding continues to widen – younger people today don’t have the same opportunities that the baby boomers had, including affordable housing, defined benefit pensions and free university education. ...
Can Emmanuel Macron solve France's economic riddle? | Larry Elliott image
Source : Guardian [Read Article] Sunday 30th of April 2017 10:23:32 AM
....It is not all bad news. France has good productivity, a strong industrial base and levels of inequality similar to those in Germany and the Netherlands, but much lower than in the UK and the US. ...
Pensioners will carry on hoarding cash if state won’t step in image
Source : Guardian [Read Article] Saturday 29th of April 2017 04:00:03 PM
....However, campaigning for a universal benefit also feathers the nests of the better off. And why should today’s workers make sure pensions increase at a faster rate than their own pay, especially when it leads to greater income inequality among the old? And yes, income inequality is growing among the country’s 12 million pensioners. ...
Pensions triple lock: what you need to know image
Source : Guardian [Read Article] Thursday 27th of April 2017 01:39:07 PM
.... Another proposal would be to tax pensioners based on income tax thresholds specially designed for people of pensionable age. This would allow all pensioners to benefit from state pension rises, but reduce the rapidly escalating inequality among the over-65s who have among the highest disposable incomes of all working people and yet fall under a system of income tax thresholds designed for working households. ...
How can companies cut the UK's class pay gap? image
Source : Guardian [Read Article] Thursday 27th of April 2017 05:30:08 AM
....Social mobility is often considered an educational issue, but it is clear from the Commission’s findings that employers have a big role to play too. Not only do rich people get a disproportionate number of top jobs, but inequality also exists among colleagues with exactly the same role, education and experience. ...
Reform property laws to reduce inequality | Letters image
Source : Guardian [Read Article] Wednesday 26th of April 2017 05:59:37 PM
. Ian Jack engagingly highlights the massive inequality being created by the inheritance of property (Property feeds the roots of inequality in Britain, 22 April), but does not say what can be done about it. ...
Barack Obama to be paid $400,000 for speech at Cantor Fitzgerald event image
Source : Guardian [Read Article] Wednesday 26th of April 2017 09:28:37 AM
....But Obama, 55, returned to the public stage this week to speak at the University of Chicago, where he said he would support future leaders. He told the audience that economic inequality and lack of opportunity, a skewed criminal justice system and climate change must be confronted. ...
How streaming saved the music: global industry revenues hit £12bn image
Source : Guardian [Read Article] Tuesday 25th of April 2017 04:55:19 PM
....9bn contributed by Spotify - despite the streaming service having a quarter fewer users. Nash said: “The scope of this inequality casts a shadow across the whole landscape that cannot be ignored. ...
UK government borrowing at lowest level since 2008 financial crisis image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:39:40 AM
....The ratio between the average income of the top and bottom fifth of households –£63,300 and £17,200 respectively – is reduced to less than four to one after accounting for benefits and taxes. However, the Equality Trust, which campaigns to reduce economic inequality, said its own analysis of the figures showed the richest 10% of households pay a smaller proportion of their income in tax than the poorest 10% of households. ...
Bubble, bubble, toil and trouble: why ultra-low mortgage rates are dangerous | Jonn Elledge image
. If you’ve ever made the mistake of trying to debate generational inequality with a baby boomer – by pointing out, say, that they benefited from cheap housing, generous welfare and free university places, before voting consistently for governments that have denied those things to their children, all the while calling millennials lazy and entitled in an infuriatingly faux-indulgent way, as if their kids’ requests that their salaries bear some sort of relation to their actual living costs makes them the sort of spoiled divas who’d call a gold-plated Uber to take them to the lavatory . ...
The new status symbol: it’s not what you spend – it’s how hard you work image
.... It’s about the public display of productivity as a symbol of class power. In an era of extreme inequality, elites need to demonstrate to themselves and others that they deserve to own orders of magnitude more wealth than everyone else. ...
Family matters image
Source : BBC [Read Article] Sunday 23rd of April 2017 12:51:12 AM
....Data is not yet available for those born in the 80s or 90s. So, for all the attention on inequality between generations, family ties mean a large chunk of the wealth held by older generations is likely to flow down to younger generations. ...
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. ...

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