Wealth Inequality Threatens Wellbeing

This is a Britain news story, published by Guardian, that relates primarily to Rachel Reeves news.

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disproportionate wealth

Guardian

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Britain’s wealth gap is growing, its malign effects seep into all aspects of life. It’s a national disaster | Will Hutton

Summary

Nutrition label

76% Informative

Britain is a wealthy country, but the gap between our richest and poorest 10% is now the highest in the developed world.

Half of British wealth is in property, so unsurprisingly the wealth gap between the top and bottom 10% grew from 7.5tn to 11tn between 2011 and 2019 as house prices increased.

Chancellor Rachel Reeves has to raise taxes, in particular on wealth, to plug a fiscal gap.

Media bias is not a law of nature, it is an outgrowth of wealth inequality.

Wealth finances the capacity to lobby and generate knowledge and ideas that favour the rich rather than common interest outcomes.

There is a spillover on cultural values and priorities; vocational training has a permanent Cinderella status.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity