Photo credit: Images_of_money
Over the last 30 years, the UK has become one of the most unequal countries in the developed world. The growing divide between the richest and poorest in society is increasingly recognised as a key driver of global economic, social and environmental crisis, but politicians are still reluctant to engage with the subject. nef’s research analyses the economic, social and environmental causes of economic inequality, and its consequences.
- Studies have shown that beyond a Gini coefficient of around 0.3 inequality becomes corrosive for society.
- The UK's Gini coefficient increased from 0.26 in 1979 to to 0.36 today.
- The top 10 per cent of the population now earn, on average, more than four times that of the bottom 10 per cent.
Publication // November 2, 2011
Economic inequality is a hot topic. Most people are now aware that the rich have got richer, leaving everyone else with less to share. However, most do not know why the situation has got so bad and what to do about it. Tax is the obvious remedy, but in the current context where demands are growing on shrinking public resources, this is not a realistic possibility.More
Publication // October 23, 2011
Inequalitymatters. We often hear politicians talk about ‘tackling poverty’ and the needto improve ‘social mobility’ but economic inequality lies at the heart of boththese phenomena and much more.
Here are ten reasons to care about economic inequality (in no particular order):