The current cost of living is pushing more people into poverty, with almost 68% of low income...
Wealth
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29/04/2012
Britain’s super rich worth over £414 billion
The wealth of the richest 1,000 in Britain has grown by a further 4.7 per cent, to reach a new high of more than £414 billion, according to the 2012 Sunday Times ‘Rich List’. The Rich List tracks the wealth of the 1,000 richest individuals in Britain.
Category: Reports -
29/02/2012
New tax data shows growing income inequality
New official figures on taxable incomes show how those at the top of the income distribution in the United Kingdom have taken a steadily greater share over the last 20 years. They also highlight the continuing disparity in taxable income between men and women.
The HM Revenue and Customs report is based on survey information relating to individuals who could be liable to UK income tax. The latest figures are for 2009/10.
Category: Reports -
14/01/2012
President Obama criticises tax breaks for the rich
President Obama used his State of the Union 2012 speech to portray himself as the champion of working class America and against the Republican tax cuts for the wealthiest Americans. The central theme of his speech was the need to return to a society where every American has a chance to share in success, describing it as ‘the basic American promise that if you worked hard, you could do well enough to raise a family, own a home, send your kids to college, and put a little away for retirement’.
Obama defined this issue as a key issue for a fair society, arguing:
No challenge is more urgent. No debate is more important. We can either settle for a country where a shrinking number of people do really well, while a growing number of Americans barely get by, or we can restore an economy where everyone gets a fair shot, and everyone does their fair share, and everyone plays by the same set of rules.
Category: News stories
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