Chapter

Inequalities in income, wealth and standard of living in Britain

David Gordon

in Tackling inequalities

Published by Policy Press

Published in print January 2000 | ISBN: 9781861341464
Published online March 2012 | e-ISBN: 9781447303633 | DOI: http://dx.doi.org/10.1332/policypress/9781861341464.003.0002
Inequalities in income, wealth and standard of living in Britain

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This chapter considers the most glaring inequalities in society: those relating to income, wealth, and standard of living. After consideration of the problems and common confusions surrounding definitional issues, and using a range of statistical sources, the discussion shows just how unequal British society had become by the time New Labour took office. It argues that a redistribution of income and wealth from the poor to the rich took place under the previous Conservative governments – reversing the trend from the fifteenth century onwards towards greater equality. The chapter proposes that in addition to the minimum wage, New Labour should introduce the maximum wage and wealth taxes as effective measures to reverse the rising trend of inequality.

Keywords: social inequality; income inequality; living standard; British society; New Labour; income redistribution; maximum wage; wealth taxes

Chapter.  11211 words.  Illustrated.

Subjects: Social Stratification, Inequality, and Mobility

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