Published: 14th May 2019

Rising inequalities in Britain are making a ‘mockery of democracy’, the Institute for Fiscal Studies (IFS) has warned. The IFS has today (14 May) launched a new review, which it claims will be the ‘comprehensive scientific analysis of inequalities’ yet attempted. The review will be chaired by the Nobel Laureate Professor Sir Angus Deaton and funded by the Nuffield Foundation. A preliminary report into the subject warns the situation in the UK is so bad that it is in danger of following the US, where wages for non-college-educated men have not risen for five decades. According to the report, after a decade of stagnant wages in the UK there is recent evidence that ‘deaths of despair’ – deaths from suicide and drug and alcohol abuse – are now rising among middle-aged Britons. ‘I think that people getting rich is a good thing, especially when it brings prosperity to others,’ said … (To read the full article, subscribe below)