Archive | July, 2013

Wealth Inequality in the US

A very interesting video on the inequality of wealth in the US..

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Inequality & Hidden Needs in Suffolk

The majority of people living in Suffolk enjoy a good quality of life and the county is typically seen as a fairly prosperous part of the UK – hence deprivation or need is usually not widely recognised or addressed.  But a report commissioned by the Suffolk Foundation in 2011 by the University of Cambridge found that: Nearly 78,000 people in […]

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EU Implements Bonus Caps

The European Parliament voted in a change to the EU’s Capital Requirements Directive which, from 2014,  will cap bonuses for senior Asset Management staff at bank-owned Fund Management firms at 100 per cent of their base salary (or 200 per cent with shareholder approval). An earlier vote, in June, has already capped bankers’ bonuses to double […]

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Low Income Families in Suffolk hit hardest by Council Tax hikes

A recent report by the Joseph Rowntree Foundation, reported in the Ipswich Post  by Matt Stott, highlighted that  changes earlier this year to how council tax is funded is “making the poor poorer”. From 1 April this year, around 30,800 Suffolk families had to pay up to 9% of their 2013/14 council tax bill for […]

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Impact of inequality on Heart Disease

People living in the most deprived parts of Ipswich are up to three times more likely to die from heart disease than those from more affluent areas of Suffolk.     An article published by the Ipswich Star’s Lizzie Parry last year highlights the vast health inequalities between Suffolk’s rich and poor. She found that […]

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How would YOU divide the wealth?

A new website by the Economic Policy Institute, based in the US, with an animated presentation on inequality in the US – which has followed a similar pattern to inequality in the UK .  It allows you to decide: How you think wealth ought to be divided; and How you think the wealth actually is […]

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How Much Inequality?

An interesting article by Dan Little on “How much Inequality is too much?”: After looking at various economic and philosophical points of view,  “Answers range from Gracchus Babeuf  (all inequalities are unjust)  to Ayn Rand (there is no moral limit on the extent of inequalities a society can embody)”,  he concludes: We have lots of […]

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Inequality and the Housing Market

A report published in March 2013 by Savills, the UK Property Agents, highlights the inequalities in the UK housing market.  The report states: With a market dominated by high house prices and increasing loan-to-income mortgages, access to equity is key.   Unfortunately access to equity is constrained by income and financial wealth inequality and has […]

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UK Most Unequal Country in the West

According to a report in the Independent Newspaper in July, a report issued by the United Nations’ Human Development Programme said that Britain is now the most unequal country in the Western world.  The gap between rich and poor is as great as in Nigeria. Detailed statistics  also demonstrate that inequality has grown sharply during Conservative rule […]

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Inequalities in Suffolk

A report published in 2011, published by Insight East, the Economics Intelligence Centre for the  East of England (which now appear to be defunct), highlighted the particular problem of  income inequality in Suffolk. To quote the report: The broader economic success of the East of England region masks local disparities.  The East of England contains […]

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