Wealth Inequality in UK Now Equal to Nigeria, UN Report

I knew it was bad but I didn’t dream it was this bad…

Scriptonite Daily

The UK has been sliding down the UN Human Development Report since 1991, and by 1996 became the most unequal nation in the developed world .  The gap between rich and poor in UK society has risen sharply during the leadership of the Coalition government, yet long before these people got power, the gap between rich and poor in UK society was equal to Nigeria, with the poorest here living on roughly the same as their counterparts in Hungary and Korea.

Inequality, Inequality, Inequality

 

The 1996 and 2013 reports makes truly depressing reading, but should come as no surprise to those warning of exactly these results from ideological austerity policies.

Key Findings:

• The UK’s poorest 40% share in just 14.6% of the national wealth – the only country performing worse was Russia (96)
• The richest 20% have incomes more than ten times as high as the bottom 20%…

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