We’re all in it together!?

The share of national income held by the top 1% reached 14.3% in 2005. It is likely to be as high as 17% today. This is more than double the share they took in the mid 1970’s, when the top 1% took 8% of total earnings.

In 2007 just before the crash, the top 0.1%, 30,000 people, took 5% of total earnings in the UK. 5% of the UK population is 3.1 million people.

Source: OECD Report Dec 2011

Since 1990 the poorest segment of the British population has seen a decline in income of about 8%, while the richest sector of the population has seen an increase in income of almost 68%. About 17% of the British population is considered to live in poverty.

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2 responses to “We’re all in it together!?

  1. Instead of the rich trickling down economic benefits onto the poor I think that instead they’re tinkling down the contents of their bladders.

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