UK think tank warns of fall in economic growth and rising inequality
UK think tank warns of fall in economic growth and rising inequality
- The study calculates that incomes for the poorest half of households in the UK will fall by 2 percent, while the richest fifth will see an increase of five percent. According to the report, “Our projected combination of weak average growth, falling incomes for the bottom half and rising inequality is perhaps without precedent.” This, they say, would make the present parliament from 2016 to 2021 the worst on record for income growth for the bottom half and the worst since the 1980s for rising inequality.
- The study calculates that incomes for the poorest half of households in the UK will fall by 2 percent, while the richest fifth will see an increase of five percent. According to the report, “Our projected combination of weak average growth, falling incomes for the bottom half and rising inequality is perhaps without precedent.” This, they say, would make the present parliament from 2016 to 2021 the worst on record for income growth for the bottom half and the worst since the 1980s for rising inequality.