Rich Britons richer, poor Britons poorer


This video from Britain says about itself:

Income inequality in the UK

12 May 2014

The UK is one of the most unequal countries in the developed world. The gap between pay at the top and bottom is huge. Living standards for everyone – apart from those at the very top – remain squeezed. But we argue, it doesn’t have to be like this.

From daily The Morning Star in Britain:

Shameful wealth gap grows by a third

THE wealth gap between Britain’s richest and poorest households has grown by a third since 2006, new figures revealed yesterday.

The wealthiest 10 per cent of households in Britain held a massive £5 trillion of assets in 2012-14, compared with only £5.7 million belonging to the bottom 10 per cent — a gap of more than £4.9 trn.

This is an increase of 34 per cent on 2006-08, when the gap was £3.7 trn.

The figures were published by the Office for National Statistics (ONS) as part of a survey of the nation’s wealth.

It described the distribution of assets in Britain as “highly skewed towards the top,” with the richest 10 per cent of households holding 45 per cent of the country’s wealth.

By contrast, the poorest 10 per cent of households account for less than 0.5 per cent.

TUC general secretary Frances O’Grady said: “The economy is paying people too little for hard work, and too much just for sitting on wealth.

“It is making Britain more and more unequal, with those who are already rich moving even further ahead of the typical family.”

Britain: Inequality: Richest one per cent ‘have as much wealth as the poorest 57 per cent combined’. The full extent of the banking industry’s influence over the Chancellor has been revealed: here.

We are nearing 2016, the year when the richest 1 percent of humanity will own more than the rest of the world, according to projections made by the nongovernmental organization Oxfam. This is up from the 1 percent owning 44 percent of the world’s wealth in 2010 and 48 percent in 2014. If current trends continue, the 1 percent will own 54 percent by 2020: here.

16 thoughts on “Rich Britons richer, poor Britons poorer

  1. Pingback: The Socialist | Rich Britons richer, poor Britons poorer

  2. Pingback: Rich Britons richer, poor Britons poorer | Dear Kitty. Some blog | sdbast

  3. The stats show what politicians leave out this equation as policy to be elected, difficult to know if the public who should know that they are voting for what is against their interests? or the candidates put up are put up by the rich? the money required to become elected is so prohibitive for a candidate who has the interests of the people, will become subject to alienation by the deviant manipulation of the rich?

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  4. Wednesday, 30 December 2015

    Real wages 13.6% drop!

    THERE has been a 13.6% drop in the real value of average earnings of full time workers in employment in the UK between April 2008 and April 2015, a new GMB study of official earnings data shows.

    In April 2008 the mean gross annual earnings for all employees in employment in the UK, according to the Annual Survey of Hours and Earnings (ASHE, was £31,494. The ASHE figure for the mean gross annual earnings for all employees in employment in the UK for April 2015 was £33,689.

    This is an increase of £2,195 or just 7%.

    However, between April 2008 and April 2015 inflation has been 20.6%. This means the drop in real value of earnings between April 2008 and April 2015 has been 13.6% for the UK. The drop in the real value of average earnings between April 2008 and April 2015 for full time employees in employment resident in London has been 23.2%. This is the largest drop for all 12 regions in the UK.

    The next largest drop is the South East with a drop of 16%, East Midlands 15.7%, Yorkshire and The Humber 14.9%, North West 12.4%, West Midlands 11.8%, East 11.5%, Wales 11.3%, South West 10.6%, Scotland 6.7%, North East 5.0% and Northern Ireland 4.9%. The details are set out in the table below for the UK and all 12 regions.

    The 20 areas with the steepest decline are: Hammersmith and Fulham 52.6%, Islington 35.1%, Camden 29.3%, Southwark 28.3%, Ealing 26.6%, Surrey 26.0%, Bedford 25.6%, West Berkshire 24.2%, Warrington 23.5%, Greenwich 23.4%, Tower Hamlets 22.6%, York 22.3%, Denbighshire 22.1%, Buckinghamshire 21.8%, Blackburn with Darwen 21.4%, Sheffield 21.0%, Sutton 21.0%, Bromley 20.1%, Stirling 20.1% and Salford 19.8%.

    Paul Kenny GMB General Secretary said: ‘While we have seen a growth in the number of workers as the population has grown, average pay has simply not kept pace with inflation. Since 2008 the cumulative inflation has been 20.6%. During this period pay in the UK has gone up by 7% which has left the pay of the average full time worker in the region down by 13.6% in real terms.

    ‘This has had a deflationary impact on the economy and has also impacted on the tax take by the Chancellor to pay for essential public services. In the autumn statement the Chancellor predicted that the economy would grow steadily each year to 2020 when it would be 12% bigger than now. Workers in the UK will want to see that growth translating into pay rises above inflation to make up the lost ground.’

    http://wrp.org.uk/news/11702

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    • Wednesday 30th December 2015

      posted by Peter Lazenby in Britain

      AVERAGE wages have fallen by 13.6 per cent in real terms since the financial crisis of 2008, research by general union GMB revealed yesterday.

      London suffered more than any other region with workers enduring a 23.2 per cent pay cut and those in the borough of Hammersmith and Fulham seeing their real terms wages plummet by 52.6 per cent.

      “Average pay has simply not kept pace with inflation,” said GMB general secretary Paul Kenny, citing cumulative inflation of 20.6 per cent since the financial crash.

      However, during this period wages in Britain have gone up by just 7 per cent.

      “This has had a deflationary impact on the economy and has also impacted on the tax take by the Chancellor to pay for essential public services,” said Mr Kenny.

      “In the autumn statement the Chancellor predicted that the economy would grow steadily each year to 2020 when it would be 12 per cent bigger than now.

      “Workers in the UK will want to see that growth translating into pay rises above inflation to make up the lost ground.”

      Last year chief executives in the FTSE 100 list of top firms were paid 183 times more than their employees and the independent High Pay Centre has reported that the average salary of FTSE 100 company chief executives is £4,964,000.

      A Treasury spokesman said: “We have record levels of employment, wages are up 2.3 per cent above inflation in the past year and the new national living wage will deliver a further boost next year.”

      GMB’s figures were based on Office for National Statistics and the Annual Survey of Hours and Earnings stats between April 2008 and April 2015.

      http://www.morningstaronline.co.uk/a-3610-Average-wages-fall-136-since-2008-financial-crash#.VoUaelJtdSE

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      • No surprises with decline of wages and CEOs payments unrealistic but all part of the plan to destroy working class morale and the elites are all backed by police intelligence and police on the ground also working class but to stupid to get it?

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  5. Wednesday 6th January 2016

    posted by Morning Star in Britain

    BRITAIN’S fat cats rubbed their grubby paws together with glee yesterday afternoon, having already pocketed more than the average yearly salary of £27,645.

    The High Pay Centre said that bosses returning to their jobs in the new year had already stuffed more into their trousers than what half of Britain’s workers have to toil for all year.

    The heads of FTSE 100 firms make off with £4.96 million a year on average. Even if you generously assume that they take few days off, work weekends and put in 12-hour shifts, it equates to a staggering £1,200 an hour.

    This follows FTSE 100 bosses’ pay increasing by 50 per cent of salary over the past year, while for the average worker the rise is just £445 — less than 2 per cent.

    TUC general secretary Frances O’Grady said: “Every worker deserves a fair share of the wealth they help create. But the average weekly wage is still worth £40 a week less than before the financial crisis.”

    http://morningstaronline.co.uk/a-8bc9-Fat-cats-net-average-wage-in-two-days#.VozIpFLTcdU

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    • We have to congratulate the 1% rich in controlling the masses and having devised the resources that keeps them controlling so many for so long, to oppress the masses and control the media for propaganda, to keep most of the police and to corrupt them, to make vast money on killing people and have no recourse of any justice for those who are innocent as the many in war are, to create a education that is costly that those who can pay for education that is a money making scam devised by the rich keeping those who get through the system having to toe the line, to control Parliament, to control housing, it is a plan that is awe inspiring in terms of its completed system in not only destroying the many but also destroy any who are potential leaders to lead the masses out of their quagmire not by direct killing but the lower and middle classes do the job for the rich, lastly but not least we have to admire the way the 1% have manipulated the destruction of the Middle East by instigating the divide and rule program and all through religion? cunning? simple enough, but it works for the controllers.

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