The jaws of the UK wealth gap have opened even wider

It’s no secret that there is a huge gap between the wealthy and the poor in the UK. With 14 million people – a gob-smacking 22.7 per cent of the population – at risk of poverty, and 36.6 per cent of people in the UK unable to meet unexpected financial expenses, times are tough for many.

According to a new report by the Resolution Foundation thinktank, the inequality between the super-rich and the poor in our society has seen a sharp increase. While the bottom half of UK earners has seen their share of the total income drop from 19 to 18 per cent, the top half’s share has gone up from 7 per cent in mid-90s, to 10 per cent today.

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