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2013-06-03

Daily Telegraph: "'Super-rich' get richer while everyone else gets poorer "


Link to web site

"... Matthew Whittaker, senior economist at the Resolution Foundation, said the HMRC figures indicated that the super-rich had bounced back from the financial crisis, and that a promised rebalancing of the economy had failed to materialise.

"It may take far longer for those lower down the income scale to bounce back and regain the standard of living they enjoyed before the financial crisis and subsequent recession. According to the most pessimistic report, it could be 2023 before households with an average annual income return to the financial position they were in before 2008."

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