UK inequality narrows but many working people are worse off
by Phillip Inman Economics correspondent from on (#28CA3)
Boost in pensions is main driver of rising standards for low-income groups, ONS figures show
The gap between Britain's rich and poor fell sharply last year after a boost to the incomes of the poorest 20% and a squeeze on the richest fifth.
The Office for National Statistics said median disposable income for the poorest fifth of households had risen by 700, or 5.1%, in the year to April 2016, while the richest fifth of households saw their incomes fall by 1,000, or 1.9%, over the same period.