New ONS figures reveal inequality gap growing ever wider before the coronavirus pandemic

The richest 1% of households in the UK each have fortunes of at least £3.6m, according to new official figures that show the inequality gap was yawning even before the pandemic struck.

At the other end of the scale, the poorest 10% of households have just £15,400 or less, with almost half burdened with more debts than they had in assets, according to figures released on Friday by the Office for National Statistics (ONS).

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Woman’s name and tiny sketches found in 1,300-year-old medieval text

Exclusive: Old English name, Eadburg, repeatedly scored into manuscript had remained hidden…

Julian Sands confirmed as dead after human remains identified

British actor, 65, had been missing since January after going hiking in…

Chancellor Rishi Sunak must slash taxes to save small businesses

Rishi Sunak must slash taxes to save small businesses from going under,…