Income Inequality at Lowest Since 1986

Today’s ONS figures show that the income gap between the richest and poorest is at its lowest level since 1986. The graph below shows the Gini coefficient for disposable income in 2011/12 was 32.3%, a fall from last year and lower than every year until the mid-eighties. For all Labour’s hand-wringing, ONS attribute this primarily to a drop in earnings for the at the top and an increase among the poorest fifth.

Also worth noting the growth in disposable income for rich and poor households since 1977:

ONS says the rich are not getting richer whilst the poor get poorer. This will undermine the rhetoric of many on the left. Fundamentally undermining Ed’s plan to fight the election arguing that while the economy might be growing, everyone is worse off.




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

John McDonnell does a funny:

“I’m told there are a group of KGB colonels who are suing The Sun for associating themselves with us.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
CIA Files Reveal US Spies Kept Tabs on Corbyn CIA Files Reveal US Spies Kept Tabs on Corbyn
Cabinet Sub-Committee Committed to Divergence and Taking Back Control of Laws Cabinet Sub-Committee Committed to Divergence and Taking Back Control of Laws
Stasi Files: Corbyn’s Peace Group Infiltrated by Spies Stasi Files: Corbyn’s Peace Group Infiltrated by Spies
Boris on Corbyn’s “B*llocks” Boris on Corbyn’s “B*llocks”
Read: Stasi File on Labour Party Read: Stasi File on Labour Party
LISTEN: Labour MPs Knowingly Meet Foreign Spies Every Day LISTEN: Labour MPs Knowingly Meet Foreign Spies Every Day
BBC Website Finally Reports Corbyn Spy Story… And Attacks “Press Barons” BBC Website Finally Reports Corbyn Spy Story… And Attacks “Press Barons”
Tory ERG MPs Remind May of Her Commitment to Take Back Control of Laws and Trade Tory ERG MPs Remind May of Her Commitment to Take Back Control of Laws and Trade
Aaronovitch Talking S*it Aaronovitch Talking S*it
Live In Truth: Corbyn vs Havel Live In Truth: Corbyn vs Havel
Watson Now Opposes Airing Lurid Historic Claims Against MPs Watson Now Opposes Airing Lurid Historic Claims Against MPs
Green: I Wasn’t Inappropriate to Kate Maltby Green: I Wasn’t Inappropriate to Kate Maltby
Geoff Norcott Drives Corbynistas Crazy Geoff Norcott Drives Corbynistas Crazy
BuzzFeed Runners and Riders BuzzFeed Runners and Riders
BBC Still Ignoring Agent COB Story BBC Still Ignoring Agent COB Story
Moscow’s Man in Westminster Moscow’s Man in Westminster
Waterson New Guardian Media Editor Waterson New Guardian Media Editor
Tories Demand Agent COB Faces Foreign Affairs Select Committee Tories Demand Agent COB Faces Foreign Affairs Select Committee
Vaz Reported to National Crime Agency Over His Finances Vaz Reported to National Crime Agency Over His Finances
Bolton Sacked Bolton Sacked