The richest 10% of the population get richer whilst incomes for the poorest 10% plummet

To download the pdf, click here

Explaining the data

Explaining the data: These figures were calculated by the New Economics Foundation (NEF) as part of their ‘Real Britain Index’ - http://www.realbritainindex.org/. NEF calculated a more detailed inflation figure for each decile (group of 10%) of the UK population from richest to poorest, based on their spending habits (for example, the poorest decile spend a higher proportion of their income on food, so are hit harder by food price increases, but are less likely to be affected by changes in the cost of luxury goods). NEF then used these inflation figures to calculate the year-on-year change in the incomes of each decile. Since the data used in this infographic was published, inflation has fallen, giving hope that real incomes of poorer households will rise. But this will also depend on factors such as low pay and cuts to social security. 

Visit Inequality Briefing

********

Great wealth exists in the UK alongside unimaginable poverty

Since 2009 executive pay has soared and the number of billionaires has increased, while food bank use has rocketed and pay for ordinary workers has fallen

To download the full pdf, click here

Explaining the data

The data on UK billionaires is taken from the Sunday Times rich list, which can be read on-line, for a subscription fee. The data on executive pay was compiled for the High Pay Centre by Incomes Data Services, who looked at pay for Directors of FTSE 350 companies, the 350 biggest companies listed on the London Stock Exchange. You can read the full report here. The Office for National Statisticsrecords figures for wages across the whole UK workforce. Both directors’ and workers’ pay has been adjusted for inflation. Finally, the number  of people given at least 3 days worth of food by a Trussel Trust foodbank is taken from the Trust’s website.

Visit Inequality Briefing

*******

Incomes increased for the richest last year, but fell for everyone else

The richest fifth of the UK population saw their incomes increase by £940 in 2013. But incomes were down by £250 for the other 80% of the population... and by £381 for the poorest fifth.

To download the full pdf, click here

Explaining the data

This data compares the ‘equivalised disposable household income’ for 2011/12 and 2012/13. It was published by the Office for National Statistics as part of ‘the effects of UK tax and benefits on household income 2012/13 study.’ ONS have found that the recession did have a small effect on reducing inequality, but it now looks as though inequality maybe set to increase. The figures are available online via http://www.ons.gov.uk/ons/publications/re-reference-tables.html?edition=tcm%3A77-333039 

Visit Inequality Briefing

************

Increasing family incomes improves children’s achievement in school

Raising household incomes by £1,000 would lead to better outcomes for poorer children than spending an extra £1,000 per child on schools

 

To download the full pdf, click here

Explaining the data

Academics from the London School of Economics analysed over 30 different studies from across the world measuring the effects of income on children’s school achievement, cognitive development and other health and social issues. These studies found an improvement of between 5% and 27% of a standard deviation in children’s cognitive outcomes associated with an increase in their families’ income equivalent to about £900. This represents similar value to the estimates of an increase in £1,000 spending per child on schools. To read the full report, visit http://www.jrf.org.uk/publications/does-money-affect-childrens-outcomes

Visit Inequality Briefing

*******

Though the UK's total wealth is amongst the highest in the world, many more people cannot afford to eat.

To download the full pdf, click here

Explaining the data:

This data comes from ‘Hard to Swallow’ a report funded by Kellogs and the Centre for Economics and Business Research (CEBR) and published in March 2013 – and chart data from the Trussell Trust available via http://www.trusselltrust.org/stats 

Visit Inequality Briefing

*********

Average worker would take 158 years to earn what CEO earns in a year

To download the full pdf click here

Explaining the data:

CEO pay of £4.25 million is taken from the Manifest survey of CEO pay, while workers’ pay of £27,000 is taken from the Office of National Statistics Annual Survey of Hours and Earnings.

Visit Inequality Briefing

*********

Can you live on the minimum wage?

Download the full pdf here.

Explaining the data
We calculated an estimated minimum weekly basket of goods using readily available information on rent (a single room in Newham, one of London’s cheapest boroughs), bills, food shopping, and a weekly bus pass. Paying for these necessities leaves nothing for emergencies like a broken fridge or a trip to the dentist, let alone a social life.

Visit Inequality Briefing

*********