08/01/2013

UK Has Exceptionally High Degree of Inequality

UK most unequal country in the West

Huge gap between rich and poor in Britain is the same as Nigeria and worse than Ethiopia, UN report reveals

 

Britain is now the most unequal country in the Western world, an authoritative new United Nations report reveals. The gap between rich and poor is as great as in Nigeria.
 
Detailed statistics in the Human Development Report published last week also demonstrate that inequality has grown sharply during Conservative rule and that the poor in Britain now have to live on much the same incomes as their equivalents in Hungary and Korea.

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The report shows that the poorest 40 per cent of Britons share a lower proportion of the national wealth - 14.6 per cent - than in any other Western country. 

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The richest fifth of Britons enjoy, on average, incomes 10 times as high as the poorest fifth.

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