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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Quote of the Day

Stephen Bush writing in the New Statesman‘s morning briefing…

“The terrifying truth is that the Opposition is too divided – within the parliamentary party, within the trades unions, within the Shadow Cabinet and even within the leader’s office – to be anything other than a veto player as far as Brexit goes, and the party’s whole gambit is really about trying to make that weakness look like a strength. Keir Starmer saying that Labour is “increasingly likely” to vote down the deal is simply a reflection of the fact that the one thing the Labour party will be able to agree on as far as Brexit goes is that Theresa May’s deal is no good.”

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