Super rich taking even larger share of earnings
Sunday 10 February 2013
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EmailBritain's super-rich have claimed an even greater slice of national earnings over the last 15 years, a new report revealed today.
An independent commission on living standards found that the top 1 per cent of earners now pocket 10p in every £1 while half of the population earn just 18p in every £1.
And the figures reveal inequality has got worse since the mid 1990s when Britain's richest claimed 7p in every £1 and the majority took home a penny more.
The Resolution Foundation will launch the findings in its new Squezed Britain report at an event on Wednesday.
The foundation's senior economist Matthew Whittaker said: "The growing gap in incomes is pronounced when you look at the top 10th of households, and overwhelming when you consider the position of the top 1 per cent.
"The rest of society hasn't kept up. It's the squeezed majority, not just the squeezed middle."
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