Inequality at highest level since 1960s

Labour has failed to reverse inequality growth of the 1980s, report concludes

The gap between rich and poor in the UK is now wider than at any point in the last 40 years, a government-commissioned report has found.

The new findings show that the household wealth of the top 10% of the population is over 100 times higher than the wealth of the poorest 10%Gordon Brown described the paper as "sobering", saying: "The report illustrates starkly that despite a levelling-off of inequality in the last decade we still have much further to go."

The report, An Anatomy of Economic Inequality in the UK, concludes the government has failed to reduce the vast gap between rich and poor that developed under the Conservatives in the 1980s.

"Over the most recent decade, earnings inequality has narrowed a little and income inequality has stabilised on some measures, but the large inequality growth of the 1980s has not been reversed," it states.

The Tories said the report confirmed that Labour's approach to tackling inequality had failed. Theresa May, shadow minister for women and equalities said: "It is unbelievable that Labour thinks it can claim to be the party of aspiration when its failure to tackle the causes of poverty have let down so many lives."

 

Follow the New Statesman team on Twitter