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{UK} Wealth gap 'widest in 40 years' (BBC)

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eppur_se_muova Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-17-07 05:15 PM
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{UK} Wealth gap 'widest in 40 years' (BBC)
The gap between rich and poor in the UK is as wide as it has been for 40 years, the Joseph Rowntree Foundation warns.

The JRF found that households in already wealthy areas had become "disproportionately" richer compared with society as a whole.

But the social policy think tank said the number of "poor" households had risen over the past 15 years.
***
Looking at wealth patterns over the past four decades, the JRF found that the gap between rich and poor actually narrowed in the 1970s.

But during the 1980s and 1990s inequality had increased, as a "polarisation" in British society had occurred.
***
more: http://news.bbc.co.uk/2/hi/business/6901147.stm

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hfojvt Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-17-07 05:21 PM
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1. They cannot even blame that on Bush
Has Blair been passing tax cuts and no-bid contracts to the wealthy? Or is it just that he has never bothered to undo any of Thatcher's economics policies?
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Tactical Progressive Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-17-07 06:18 PM
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2. Yes, and wealth polarization wasn't even close to acceptable in the '70's
Edited on Tue Jul-17-07 06:20 PM by Tactical Progressive
That's another 30 years of greed beating fairness and decency in the US too, moving backward instead of forward for a large portion of our lifetimes.

America has so much goddamned right-wing evil in its soul, and now it's got the mainstream media wholly on its side.
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