Posts Tagged ‘Income distribution’

A widening social divide destroys prospects for economic recovery

by Michael Meacher.

The latest ONS (Office of National Statistics) figures on incomes tell a frightening story. Average earnings fell last year in real terms by 4.6%, a huge drop. Since UK median earnings are now £410 a week and inflation is now running at 5% a week, that represents a fall in disposable income of nearly £19 […]

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