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UK on the path to becoming one of the most unequal nations on earth

Rising inequality is putting Britain on the path to becoming one of the most unequal nations on earth, a Nobel-prize winning economist has claimed. Sir Angus Deaton is leading a landmark review of inequality in the UK amid fears that the country is at a tipping point due to a decade of stagnant pay growth for British workers. The Institute for Fiscal Studies thinktank, which is working with Deaton on the study, says Britain is on track to “follow the...

10 years on from the financial crash workers suffer as bankers thrive

Bankers have seen their pay increase by 9.3 per cent since 2009 as average wages fall by 3.1 per cent, new figures show. In the ten years since the financial crash the typical worker has been left nearly £1,000 worse off a year in real terms, the Trades Union Congress found. But the typical worker in finance or insurance has seen their pay increase by 9.3 per cent in a decade, giving them an extra £119 a week or £6,188...

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