Ending stagnation

Let’s not forget the Government has recently scrapped schemes to help insulate homes.

The report states:

With the disposable income of poorer homeowners averaging £9,100, and the cost of insulating leaky homes over £8,000 per household, it is plain that the necessary investment isn’t going to happen without major government intervention.

Other take aways:

“Middle-income Brits are now 20 per cent poorer than their peers in Germany and 9 per cent poorer than those in France.

Worse, low-income households in the UK are now around 27 per cent poorer than their French and German counterparts. It’s important to comprehend just how material these gaps are:
the living standards of the lowest-income households in the UK are £4,300
lower than their French equivalents.”

Real wages grew by an average of 33 per cent a decade from 1970 to 2007, but this fell to below zero in the 2010s. In mid-2023 wages were back where they were during the financial crisis. 15 years of lost wage growth has cost the average worker £10,700 a year.

While Britons have been living with stagnant wages for the last 15 years, high inequality has been a problem for more than twice as long. Having surged during the 1980s, and remained consistently high ever since, income inequality in the UK is higher than any other large European country. This is not a league table we should be aiming to top.

by LanguidSummerBreeze

15 comments

  1. Does this cover US? I thought US was the OG dystopia

  3. “You got your blue passports now, what more do you want?”

  4. Tories. Surged under Maggie and due to Tory policies the gravy train just adds more carriages.

  5. What’s the answer?

    Let me guess, Investing in the union? 🤔

  6. and what do I have to do to change the situation?

  7. The UK opted for freedom. Should probably now measure itself against the other free countries. Like.
    uh the US.

  9. See some people mentioned brexit. We were already in this state before brexit, doesn’t really have anything to do with it. It’s mad how badly paid we are compared to similar jobs in Europe, and people will still say wages here are high. They’re only high at the very top, dragging the average up.

  12. Not to worry though, I’m sure that “350 million that we send to the EU” pre Brexit is now getting put to good use…. Any minute now, we shall see investment in the UK to bring companies and skilled work back to the UK 💁🏻‍♂️ /s

    Not like the government to squander all that money on “PPE Companies” which just so happens to be owned by acquaintances 🥱 which is a story for another day

  13. It was surprising on the news at ten the other night when they basically led with “we’re fucked and every other country is better”.

  14. How do we gather this collective energy we have here and turn it into material, positive change for the country?

    Shall we form a party…

  15. Cannot be true. I live in Lithuania and see that every day.

    Some people get:
    650-700 EUR netto.
    Some 1000-1500 netto.

    Some get West European salaries, around 2500-7000 EUR.

    Whatever this report says, there are places where situation is much much worse when it comes to inequality.

Leave a Reply