{"id":41194,"date":"2018-03-31T19:44:54","date_gmt":"2018-03-31T18:44:54","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=41194"},"modified":"2018-03-31T22:45:02","modified_gmt":"2018-03-31T21:45:02","slug":"income-inequality-in-the-uk-looks-to-be-getting-worse-and-we-were-already-doing-badly","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2018\/03\/31\/income-inequality-in-the-uk-looks-to-be-getting-worse-and-we-were-already-doing-badly\/","title":{"rendered":"Income inequality in the UK looks to be getting worse, and we were already doing badly"},"content":{"rendered":"<p>I am grateful to <a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2018\/03\/31\/there-is-a-problem-with-inequality-even-if-gini-does-not-show-it\/#comment-802985\" target=\"_blank\" rel=\"noopener\">George S Gordon<\/a>\u00a0for highlighting the fact that the OECD publishes the Palma Ratio (explained here) for the UK and other OECD countries. This is the chart:<\/p>\n<p><a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2018\/03\/31\/income-inequality-in-the-uk-looks-to-be-getting-worse-and-we-were-already-doing-badly\/screen-shot-2018-03-31-at-19-33-25\/\" rel=\"attachment wp-att-41195\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-41195\" src=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-31-at-19.33.25-550x470.png\" alt=\"\" width=\"550\" height=\"470\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-31-at-19.33.25-550x470.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-31-at-19.33.25-351x300.png 351w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-31-at-19.33.25-768x656.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-31-at-19.33.25-469x400.png 469w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-31-at-19.33.25.png 1736w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p>The <a href=\"https:\/\/data.oecd.org\/inequality\/income-inequality.htm\" target=\"_blank\" rel=\"noopener\">source data is here<\/a>. Only the USA, Turkey, Mexico and Chile are worse than us in OECD linked states.<\/p>\n<p>This is the EU data:<\/p>\n<p><a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2018\/03\/31\/income-inequality-in-the-uk-looks-to-be-getting-worse-and-we-were-already-doing-badly\/screen-shot-2018-03-31-at-19-37-36\/\" rel=\"attachment wp-att-41196\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-41196\" src=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-31-at-19.37.36-550x473.png\" alt=\"\" width=\"550\" height=\"473\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-31-at-19.37.36-550x473.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-31-at-19.37.36-349x300.png 349w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-31-at-19.37.36-768x660.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-31-at-19.37.36-465x400.png 465w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-31-at-19.37.36.png 1752w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p>Only Lithuania is worse than us in the EU right now. And you wonder why we voted for Brexit?<\/p>\n<p>And for those who think things have improved since 2008 note this <a href=\"http:\/\/www.gov.scot\/About\/Performance\/scotPerforms\/purposetargets\/solidarity\" target=\"_blank\" rel=\"noopener\">data published by the Scottish government<\/a> on its Palma Ratio:<\/p>\n<p><a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2018\/03\/31\/income-inequality-in-the-uk-looks-to-be-getting-worse-and-we-were-already-doing-badly\/screen-shot-2018-03-31-at-19-40-19\/\" rel=\"attachment wp-att-41197\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-41197\" src=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-31-at-19.40.19-550x406.png\" alt=\"\" width=\"550\" height=\"406\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-31-at-19.40.19-550x406.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-31-at-19.40.19-407x300.png 407w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-31-at-19.40.19-768x566.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-31-at-19.40.19-542x400.png 542w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2018\/03\/Screen-Shot-2018-03-31-at-19.40.19.png 1500w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p>The latest data, not so far reflected in the OECD sourced charts shows a substantial increase in inequality.<\/p>\n<p>It looks like <a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2018\/03\/31\/there-is-a-problem-with-inequality-even-if-gini-does-not-show-it\/\" target=\"_blank\" rel=\"noopener\">Chris Giles is very wrong<\/a> to say that inequality in the UK does not matter. I would say it does, very much indeed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I am grateful to George S Gordon\u00a0for highlighting the fact that the OECD publishes the Palma Ratio (explained here) for the UK and other OECD<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2018\/03\/31\/income-inequality-in-the-uk-looks-to-be-getting-worse-and-we-were-already-doing-badly\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-41194","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/41194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=41194"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/41194\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=41194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=41194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=41194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}