Inequalities in the Twenty-First Century

IFS launch the Inequalities in the Twenty-First Century Deaton Review

 This review will involve experts from a range of disciplines including Sociology, Demography, Epidemiology, Political Science, Philosophy and Economics aiming to build a comprehensive understanding of the nature and causes of modern inequality.

One factor why it is necessary is this staggering quote- The share of income going to the 1% richest households has nearly tripled in the last four decades, from 3% in the late 1970s to around 8% today.

Also released this week a study by Loughborough University on behalf of End Child Poverty which looks at local area indicators of childhood poverty in England in 2017/18.  The study found childhood poverty rising in general in all areas since 2010 but with regional disparities. See the interactive map by area.

Plus research from the TUC which states real wages for bankers have risen by £6,200 a year since 2009, while the average worker is nearly £1,000 a year worse off.