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Realistbear

The Rich Have Benefited Most By H P I - Halifax: "great"

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http://www.citywire.co.uk/News/NewsArticle...rsionID%3d95080

Great time to be rich says Halifax

Published: 07:00 Sunday 05 August 2007
By: David "Jock" Campbell, New Model Adviser News Reporter
The last decade has been a great time to be rich with earnings growth running at well above twice the rate of price inflation, Halifax Financial Services has said.
Income among the top 20% of households by wealth has risen 42% since 1997, compared to average price growth of 18.2%. Typical household income was up 39.5% in that period.
...../
Housing, which has been the second most rapidly rising national cost of the past ten years, has had a disproportionately smaller effect on the rich, however.

It does seem that there has been a complete and unashamed role reversal with NuLabour under Brown representing the interests of the rich* while the Tories flounder in their search for anything that will appeal to anyone. IMO, the Tories have never been this biased toward the wealthy whereas it does seem that Brown's miracle has loaded the deck against the poorer segment of our population markedly. Brown is a sort of flip side to Dennis "Pips Squeak" Healey who was overtly out to destroy the rich and endeed up only increasing the population size of the IOM and Channel Is.

For the Tories to win they may have to become the New NuLabour and shift somewhat to the left. :blink:

____________________________

* Pensioners 'poorer' under Gordon Brown

By Patrick Hennessy and Jonathan Wynne-Jones, Sunday Telegraph

Last Updated: 12:51am BST 05/08/2007

Britain's poorest pensioners are seeing their incomes falling by up to four per cent a year - costing them on average more than £250, the Conservatives claim.

http://www.telegraph.co.uk/news/main.jhtml...05/npens105.xml

Edited by Realistbear

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It does seem that there has been a complete and unashamed role reversal with NuLabour under Brown representing the interests of the rich* while the Tories flounder in their search for anything that will appeal to anyone.

Unfortunately there are still many unenlightened proles that think he's a genius.

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http://www.citywire.co.uk/News/NewsArticle...rsionID%3d95080

Great time to be rich says Halifax

Published: 07:00 Sunday 05 August 2007
By: David "Jock" Campbell, New Model Adviser News Reporter
The last decade has been a great time to be rich with earnings growth running at well above twice the rate of price inflation, Halifax Financial Services has said.
Income among the top 20% of households by wealth has risen 42% since 1997, compared to average price growth of 18.2%. Typical household income was up 39.5% in that period.
...../
Housing, which has been the second most rapidly rising national cost of the past ten years, has had a disproportionately smaller effect on the rich, however.

It does seem that there has been a complete and unashamed role reversal with NuLabour under Brown representing the interests of the rich* while the Tories flounder in their search for anything that will appeal to anyone. IMO, the Tories have never been this biased toward the wealthy whereas it does seem that Brown's miracle has loaded the deck against the poorer segment of our population markedly. Brown is a sort of flip side to Dennis "Pips Squeak" Healey who was overtly out to destroy the rich and endeed up only increasing the population size of the IOM and Channel Is.

For the Tories to win they may have to become the New NuLabour and shift somewhat to the left. :blink:

____________________________

* Pensioners 'poorer' under Gordon Brown

By Patrick Hennessy and Jonathan Wynne-Jones, Sunday Telegraph

Last Updated: 12:51am BST 05/08/2007

Britain's poorest pensioners are seeing their incomes falling by up to four per cent a year - costing them on average more than £250, the Conservatives claim.

http://www.telegraph.co.uk/news/main.jhtml...05/npens105.xml

I reckon there's a fundamental flaw in that press release, mewing is included in the household income. Strip that out and the figures do not look as rosy. Those figures from Halifax do not marry up with ONs figures or even CML figures on wages income, it must include loans as capital as income <_<

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