Yesterday’s OECD report which finds that income inequality has risen faster in Britain than in any other wealthy country since the mid-1970s is a wake-up call. The share of total national income held by the top 1% reached 14.3% in 2005, having doubled since 1970, and is almost certainly higher now, perhaps 16-17%. The position […]
Posts Tagged ‘Redistribution’
Liberal Democrats: the contradictions of populism
Sep 19th, 2011 by David Osler.Much of the rhetoric emanating from the International Convention Centre in Birmingham over the last couple of days is marked by a degree of ostensible radicalism well beyond anything heard in ministerial speeches under New Labour: Where business secretary John Hutton proclaimed that huge salaries were something to celebrate, his successor Vince Cable attacks ‘pay outs for […]
