<Prev | [Index] | Next>

Date: May 15, 2019 at 8:09:49 AM GMT+9

[via Dave Farber]

"Rising inequality in Britain risks putting the country on the same path
as the US to become one of the most unequal nations on earth, according to
a Nobel-prize winning economist.

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, said the
British-born economist would ``point to the risk of the UK following the
U.S.'' -- which has extreme inequality levels in pay, wealth and health.

Speaking to The Guardian at the launch of the study, he said: There's a
real question about whether democratic capitalism is working, when it's
only working for part of the population."


<Prev | [Index] | Next>