02 Nov '11, 3pm

Why the Rich Are Getting Richer | A new nef report into the causes of UK inequality

Why the Rich Are Getting Richer | A new nef report into the causes of UK inequality

Over the last two decades the UK has gone from being one of the most equal to one of the most unequal countries in the industrialised world. nef ’s new report, Why the Rich Are Getting Richer, examines what caused this surge in economic inequality and how policymakers can address it. Key findings: The 80s and 90s saw an unprecedented rise in economic inequality in the UK. UK levels of inequality are not inevitable; they are the product of a vicious cycle. We need to move beyond taxation to tackle inequality in Britain. Existing Government policy is undermined by its failure to address inequality. Dr Faiza Shaheen , co- author of the report commented: “From the Occupation of the London Stock Exchange to the looting and rioting on the streets of deprived parts of our cities, the scale of inequality in the UK is becoming harder to ignore. “Politicians may make noise about bon...

Full article: http://www.neweconomics.org/press-releases/why-the-rich-a...

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