{"id":3870,"date":"2015-04-27T15:26:29","date_gmt":"2015-04-27T14:26:29","guid":{"rendered":"http:\/\/unitelive.org\/?p=3870"},"modified":"2015-04-28T10:10:48","modified_gmt":"2015-04-28T09:10:48","slug":"inequality-rules","status":"publish","type":"post","link":"https:\/\/unitelive.test.igniteamt.com\/?p=3870","title":{"rendered":"Inequality rules"},"content":{"rendered":"
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Welcome to Britain \u00e2\u20ac\u201c the most unequal country in Europe <\/a>and nearly the most unequal in the developed world.<\/p>\n

 
\nFigures released<\/a> recently have shown that while the vast majority of people in the UK bore the brunt of the economic downturn, suffering wage stagnation and a cost of living crisis not seen since Victorian times, the nation\u00e2\u20ac\u2122s top one per cent did not suffer at all.<\/p>\n

 
\nIn fact, they vastly improved their lot \u00e2\u20ac\u201c the richest 1,000 families more than doubled their wealth since the recession, with their assets now totalling \u00c2\u0141547bn, up from \u00c2\u0141258bn in 2009. Britain is now home to more billionaires than any other country in the world.<\/p>\n

 
\nThis land of plenty for a select few stands in sharp contrast to the fortunes of millions around the country. The 1,000 people occupying the Sunday Times Rich List control more wealth than the poorest 40 per cent combined.<\/p>\n

 
\nAs food bank use soars and low-paying jobs dominate the economy, what could theoretically be done with all this extra cash the mega-rich have amassed in the last year of the Tory-led coalition government?<\/p>\n

 
\nAccording to the Equality Trust<\/a>, last year the 100 richest households increased their wealth by \u00c2\u014140.1bn. This spare cash \u00e2\u20ac\u201c much of which is hoarded in tax havens \u00e2\u20ac\u201c would be enough to:<\/p>\n

 
\n\u00e2\u20ac\u02d8 Elevate all of the roughly 1.386m minimum wage jobs to Living Wage jobs
\n\u00e2\u20ac\u02d8 Pay 14 years of grocery bills for each and every family now using a food bank
\n\u00e2\u20ac\u02d8 Buy houses for all homeless people living in London
\n\u00e2\u20ac\u02d8 Provide 18 times the value of annual loans provided by the payday lending industry<\/p>\n

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 <\/p>\n

It\u00e2\u20ac\u2122s no coincidence, either, that skyrocketing wealth inequality began to accelerate exponentially just as the Conservative government took control five years ago.<\/p>\n

 
\nTheir programme of ever-higher doses of austerity for the most vulnerable, tax giveaways to the uber-rich, and pay policies \u00e2\u20ac\u201c for example, public sector pay freezes and scrapping the Agricultural Wages Board (AWB) \u00e2\u20ac\u201c have all contributed to a level of income inequality not seen anywhere else in Europe.<\/p>\n

 
\nA YouGov poll<\/a> conducted last year has shown, too, that the vast majority of voters actually want a more equitable society. A full 56 per cent of those surveyed supported greater income equality, even if that meant reducing the total amount of wealth. And even a sizeable portion of Conservative voters polled \u00e2\u20ac\u201c roughly one in three \u00e2\u20ac\u201c supported a more income equitable society as well.<\/p>\n

 
\nUnite assistant general secretary Steve Turner argued that the latest findings on growing income inequality challenge an ideology now held as a commonly accepted truth.<\/p>\n

 
\n\u00e2\u20ac\u015bThese figures yet again expose the outrageous lie that is \u00e2\u20ac\u0098trickle-down\u00e2\u20ac\u2122 economics,\u00e2\u20ac\u0165 he said. \u00e2\u20ac\u015bThe enormous wealth of a tiny number of people is made on the backs of ordinary working people; there has been no crisis for the billionaires while millions are stuck in low-wage, insecure jobs, turning to food banks in record numbers. Families up and down the country are struggling to make ends meet and wondering whether their kids will have a home of their own in the future.<\/p>\n

 
\n\u00e2\u20ac\u015bThis skyrocketing income inequality is a direct result of Tory policies designed to benefit the richest at the expense of the hardest working,\u00e2\u20ac\u0165 Turner added. \u00e2\u20ac\u015bBut we can have an alternative to this, with a growing economy creating decent jobs for all, with good wages benefitting everyone. The first step in achieving this aim is to get the Tories and Lib Dems out and a Labour government in at the election next week.\u00e2\u20ac\u0165<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

Welcome to Britain \u00e2\u20ac\u201c the most unequal country in Europe and nearly the most unequal in the developed world.   Figures released recently have shown that while the vast majority of people in the UK bore the brunt of the economic downturn, suffering wage stagnation and a cost of living crisis not seen since Victorian […]<\/p>\n","protected":false},"author":1,"featured_media":2247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[224,289],"wps_subtitle":"UK is \u00e2\u20ac\u0098land of plenty\u00e2\u20ac\u2122 \u00e2\u20ac\u201c for just one per cent ","_links":{"self":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/3870"}],"collection":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3870"}],"version-history":[{"count":1,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/3870\/revisions"}],"predecessor-version":[{"id":3871,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/3870\/revisions\/3871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/media\/2247"}],"wp:attachment":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}