Photo credit: Images_of_money
Over the last 30 years, the UK has become one of the most unequal countries in the developed world. The growing divide between the richest and poorest in society is increasingly recognised as a key driver of global economic, social and environmental crisis, but politicians are still reluctant to engage with the subject. NEF's research analyses the economic, social and environmental causes of economic inequality, and its consequences.
- Studies have shown that beyond a Gini coefficient of around 0.3 inequality becomes corrosive for society.
- The UK's Gini coefficient increased from 0.26 in 1979 to to 0.36 today.
- The top 10% of the population now earn, on average, more than four times that of the bottom 10%.