Article 28CA3 UK inequality narrows but many working people are worse off

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.

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