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    A Tale of Two Britains: Inequality in the UK

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    Author(s)
    Dransfield, Sarah
    Publication date
    2014-03-17
    Subject
    Economics
    Inequality
    Keywords
    Finance
    UK poverty
    Inequality
    Poverty in the UK
    Taxation
    Welfare
    Country
    United Kingdom
    
    Metadata
    Show full item record
    Publisher(s)
    Oxfam GB
    Document type
    Media briefing
    Description

    Inequality is a growing problem in the UK. While austerity measures in Britain continue to hit the poorest families hardest, a wealthy elite has seen their incomes spiral upwards, exacerbating income inequality which has grown under successive governments over the last quarter of a century.

    Today, the five richest families in the UK are wealthier than the bottom 20 per cent of the entire population. That’s just five households with more money than 12.6 million people – almost the same as the number of people living below the poverty line in the UK.

    Starting with this week’s Budget, the government needs to re-balance the books by raising revenues from those who can afford it - by clamping down on companies and individuals who avoid paying their fair share of tax and by starting to explore greater taxation of extreme wealth – rather than relying on cuts to services that have a disproportionate impact on the poorest in society, some 13 million people who are currently classed as living below the poverty line.

    Pages
    4
    URI
    http://hdl.handle.net/10546/314152
    Additional Links
    https://policy-practice.oxfam.org.uk/publications/a-tale-of-two-britains-inequality-in-the-uk-314152
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