Wealth Inequality in UK Now Equal to Nigeria, UN Report

English: David Cameron is a British politician...

English: David Cameron is a British politician, Leader of the Conservative Party (Photo credit: Wikipedia)

This is quite amazing but perhaps no real surprise under David Cameron‘s leadership which has been excessively hard-nosed on austerity. Of course, austerity has had little impact on the privileged!

 

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Scriptonite Daily

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The UK has been sliding down the UN Human Development Report since 1991, and by 1996 became the most unequal nation in the developed world .  The gap between rich and poor in UK society has risen sharply during the leadership of the Coalition government, yet long before these people got power, the gap between rich and poor in UK society was equal to Nigeria, with the poorest here living on roughly the same as their counterparts in Hungary and Korea.

Inequality, Inequality, Inequality

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The 1996 and 2013 reports makes truly depressing reading, but should come as no surprise to those warning of exactly these results from ideological austerity policies.

Key Findings:

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Yes, Europe really is in the throes of austerity – Washington Post

Angela Merkel, the Chancellor of Germany

Angela Merkel, the Chancellor of Germany (Photo credit: Wikipedia)

English: David Cameron, Prime Minister of the ...

English: David Cameron, Prime Minister of the United Kingdom and leader of the Conservative Party (Photo credit: Wikipedia)

This is a brilliant MUST READ article published in the Washington Post. Check it out!

Yes, Europe really is in the throes of austerity.

For me, it once again highlights some of the wacky arguments from the pro-austerian lobby, including people like Angela Merkel and David Cameron. Perhaps, they should start reading the Washington Post?

Any thoughts?

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