AusterityAusterity

UK Income Inequality

The UK has a very high level of income inequality compared to other developed countries.

Households in the bottom 10% of the population have on average a disposable (or net) income of £9,644 (this includes wages and cash benefits, and is after direct taxes like income tax and council tax, but not indirect taxes like VAT). The top 10% have net incomes almost nine times that (£83,875). As can be seen from the graph, income inequality is much starker at the top of the income scale, with the group with the 9th highest incomes making only 61% of the top 10%’s income.

Inequality is much higher amongst original incomes than disposable incomes with the poorest 10% having on average an original income of £4,436 whilst the top 10% have an original income 24 times larger (£107,937)1.

UK Income Inequality The UK has a very high level of income inequality compared to other developed countries. Households in the bottom 10% of the population have on average a disposable (or net) income of £9,644 (this includes wages and cash benefits, and is after direct taxes like income tax and council tax, but not indirect taxes like VAT). The top 10% have net incomes almost nine times that (£83,875). As can be seen from the graph, income inequality is much starker at the top of the income scale, with the group with the 9th highest incomes making only 61% of the top 10%’s income. Inequality is much higher amongst original incomes than disposable incomes with the poorest 10% having on average an original income of £4,436 whilst the top 10% have an original income 24 times larger (£107,937)1.

I am convinced that IDS has some sort of personality disorder. The level of apparent cognitive dissonance is a bit weird. But what do I know?

This article titled “Iain Duncan Smith has revealed the empty truth of compassionate conservatism” was written by Suzanne Moore, for theguardian.com on Monday 21st March 2016 11.14 UTC

Are we to accept that awful croaker, Iain Duncan Smith, as some new martyr in the fight against austerity? Clearly the man who lied extensively on his CV is still in the business of self–delusion. His sudden realisation that the government was bearing down on the weakest in society, those who were never going to vote Tory anyway, has woken him from his slumber. The rise in food banks, the huge rise in homelessness, the suicides of those being sanctioned, the disabled suffering because of bedroom tax, the end of EMA, the long and continuing attack on single parents, predominantly women and children – he was just fine with all that.

But this latest budget he finds a bit cruel. It’s a contextual thing, taking from the disabled to help people selling off second homes looks, I don’t know … biased? What has been so enjoyable about this weekend is watching the effect of IDS’s (In Deep Shit his mates call him) flesh wound on George Osborne. What a bleed out.

Osborne, the arch-strategist whose dream is to lock in the Tory vote for generations, has looked more and more detached lately. This is why he is everywhere in a hard hat and hi-vis jacket. These are the signifiers of growth, a growth that is not happening. He is playing dress up. The public instinctively know this.

His “skivers” rhetoric does not work so well when applied to people with MS, just as Jeremy Hunt’s demonising of junior doctors as money-grabbing militants does not tally with people’s actual experience. We go to hospitals. We see who works hard. Hunt and IDS are loathed and they use faith bizarrely as a counter to compassion instead of its partner. Duncan Smith’s universal credit has been unworkable and unravelling for some time. His conscience has been pricked by this failure as much as anything else.

Where, I wonder, does this leave the creed of Cameronism itself? For a while it has seemed little more than an extension of Thatcherism with some gay rights thrown in. This is we are told is “compassionate conservatism”. I once followed William Hague around America (a young Osborne was there too) as he was learning compassionate conservatism from people like George Bush and Henry Kissinger. One of its key tenets is decentralisation from the state alongside the idea that only markets can generate wealth and freedom.

Yet this is not what Osborne has done at all. He is centralising power like crazy. Why is he interfering in school days, taking power away from local authorities, ending parent governors? This is a power grab and increasingly it exposes the end of any compassion that may have existed within the party leadership. Austerity no longer makes sense even in terms of his own logic. This is an ideology of callousness. And it is brazen.

Cruelty as George Eliot said requires no motive outside itself. “It only requires opportunity.” This is the legacy of Cameron.

So I don’t buy IDS as the tin man who has finally found a heart – yet somehow the curtain has been pulled back on the Wizard Oz-borne. An illusionist whose tricks are hollow. Cameronism is equally exposed as a belief system with no vision beyond keeping the show on the road. We may indeed be back in Kansas.

Published via the Guardian News Feed plugin for WordPress.