Wednesday, Mar 28, 2007
UK Wealth Gap Widens
Channel 4 News: More living in absolute poverty
The divide between rich and poor is widening, with the number of people living in absolute poverty up by 357,000 last year. The Institute for Fiscal Studies (IFS) showed that the UK's wealth gap increased last year - with the rich getting richer while the poorest fifth saw their incomes fall. It is also revealed that there are currently around 7.4 million individuals now living in absolute poverty in the UK after housing costs were factored in, up from 7.1 million in 2005/06.
Posted by enuii @ 08:11 PM (182 views) Add Comment
9 Comments
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1. sovietuk said...
AND GORDON BROWN INCREASED TAXES FOR THE POOREST PEOPLE IN HIS LAST BUDGET.
QUICK DEFINITION OF SOCIALISM
"WHAT'S MINE IS MINE AND WHAT'S YOURS IS MINE"
2. Bloody Annoyed said...
I think many put labour in to try and sort out the inequality and all the horrible social problems that come with it. This pure market economy really fucks alot of people up from top to bottom. Please note the use of the word people, as in person, not human resources.
3. Hyrax said...
So the budget strategy is to tax those in absolute poverty some more...the beatings will continue until moral and your bank balance improves! Shame and moral bankcruptcy from Mr Brown. How does he sleep nights?
4. This comment has been removed as it was found to be in breach of our Blog Policies.
5. george monsoon said...
and my ability to save money based on my increased cost of living is putting me closer to the "poor" side.
Lovely!
6. waitingfor hpc said...
yeah but who voted the bast***s in 3 times???????????
and with all the mess they will leave behind - why should the Tories sort it ... again.
7. george monsoon said...
That should have said "inability" to save.
8. nearly30 said...
Ahh Gordon's miracle economy - despite my best efforts to consistently work - the nature of only getting contract work and periods of unemployment (turn around on getting jobs is getting very very slow) means I have only worked 14 months out of the last 24 months - April to April 2005/6 & 2006/7.
I am basically being forced into poverty - on my calculations - gross yearly average salary currently stands at £10,500 - thank god I had savings! But everytime I work I have to build up those savings - call me Mr Frugal!!
This is absolutely appauling - and every time I go back into the labour pool it gets tougher - the amount of permanent skilled work that is available is getting smaller - I dispute ANYTHING the govt figures claim - you will find low paid short-term, part-time work or even permanent jobs - but these employers won't touch me with a barge-pole!!! Not just assumed - was explictly told this by recruitment companies and businesses. Doesn't help when many skilled perm jobs go internal or are given to already 'approved' and identified candidates - I turn up just to make up the numbers.
From my side of the fence - the economy is getting worse and many many people are being forced into low-paid work - or periods of unemployment - all in the guise of a 'flexible' economy - to paraphrase a Royale Family quote:
"Britain is working: MY ARSE!!!!"
9. Wishfulthinking said...
I think they mean relative poverty, as it is measured as 60% of average income.