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UK economy ranked below Zimbabwe by World Economic Forum, thanks Cameron

While UK Prime Minister David Cameron and his chancellor George Osborne claim their austerity policies are making the UK economy stronger, a devastating report by the World Economic Forum argues otherwise. In fact, parts of the UK economy are now performing worse than Haiti and Zimbabwe. The World Economic Forum releases it’s Global Competitiveness Survey…

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Britain’s 5 Wealthiest Families Richer Than Poorest 12.6 Million? It’s Time for a People’s Budget

An Oxfam report released today, reveals the scale of growing inequality in Britain.  The wealthiest five families in Britain hold the same amount of wealth as the poorest 12.6 million.  As Osborne prepares for another ‘budget for business‘ this week, isn’t it about time we had a budget for the people? Mind the Wealth Gap…

US Economic Inequality Rises to Highest Levels Since 1928: Why does it Matter?

(image produce by Dorsey Shaw; Source: Emmanuel Saez, UC Berkeley) US income inequality is at its greatest for nearly a century and is rising, as the income gap between the bottom 90% and top 1% of Americans reaches its largest since 1928.  When compared globally, the US is the second most economically unequal society (behind…

UK Moving Backwards: Half a Century of Social Progress Reversed in Last Decade

According to research by the Institute for Fiscal Studies, people born in the 1960’s and 70’s will retire poorer than their parents, having earned a lower wage, with no savings, in a home they don’t own, and with a smaller private pension. After unpicking the fabric of the Post War Welfare State that brought unbroken…