Tuesday, October 21, 2008
Wealth Gap has Narrowed After All
Today I hear on the eponymous radio 4 show, that this is not the case. Let me quote from the BBC website:
A new report says the gap between rich and poor in the UK has narrowed but it is still one of the biggest in the developed world.Despite a vast majority of the UK being richer than 10 years ago, the gap between rich and poor was widening. A report by the Organisation for Economic Development (OECD) now says that the gap has narrowed. Mark Pearson, who wrote the report for the OECD, says this has been due to a large rise in employment and social spending.
So, can Labour now boast some minor success as opposed to abject failure in terms of reducing poverty? You can count on it that they will, but I supect that as the next election approaches, statistical argument about such matters will burgeon, to the enlightenment of few, if any at all.
IU think you mmisunderstand my post. I was referring to the same report on Today. I was saying Labour has been presented as failing but this seems not to be the case.
Turning a wealth-gap around is an incredibly difficult task in a free society in which the wealthy are inevitably more powerful than the poor. It's a long-term task and its impact takes ages to show up in measurements.
This is a huge achievement but, as you say, it’s regrettably unlikely to win Labour many extra votes...
I can't really see them queueing up for this legacy.
I mean seriously, is this it?! After 11 years, it has been reduced to this crap. Labour are so feeble now, I almost feel sorry for them.
Links to this post: