Posted 11/27/2023, 5:00:00 AM
UK Spending £100 Billion a Year to Prop Up Inequality Benefiting the Rich, Fuelling Health, Education, and Social Problems
- The UK spends over £100 billion a year subsidizing inequality that benefits the rich, more than any other European country
- Inequality in the UK costs the economy, communities, and individuals £128 billion compared to more equal countries
- The UK is now the 2nd most unequal rich country after the US, whereas in the 1970s it was one of the most equal
- The richest 1% in the UK pay the lowest taxes of any large European country
- Inequality is linked to poorer health, education, social mobility, and higher crime levels compared to more equal societies