Poor Got Richer Under Thatcher

One of Maggie’s many memorable memories from the House is her slap down of a young, snivelling Simon Hughes. Channel 4 FactCheck show that she was entirely right: wages went up across the whole spectrum, including for the poorest.

IFS figures show median earnings went up faster under Thatcher than under Major or during Blair’s second and third terms. Everyone got richer on Maggie’s Farm, including the poor. It comes down to this: would you rather be more equal but poorer, or less equal but better off?


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