Wealth is gushing up in Britain, not trickling down
Michael Meacher,from Sunday Telegraph 24 Dec. 2006
This article starts:
"Britain is now one of the most unequal countries in the world. A recent report on boardroom pay reveals that the average salary of chief executives of the top FTSE 100 companies is now a staggering £46,154 a week. That is 115 times the average wage in Britain today, 249 times the national minimum wage, and 519 times the basic state pension."
It goes on to report further details of the ‘staggering’ facts of the growing inequality in Britain, and comments on the implications. Read it on the website; recommended, despite reservations about some of his conclusions:
– Brian Leslie