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Monthly News from The Equality Trust

The Equality Trust works to improve the quality of life in the UK by reducing income inequality.

 

 Because more equal societies work better for everyone

august 2015

Dear ,

Please find the latest monthly round-up of research and news around pay, income and wealth inequality. This can also be found on our website here.

NEWS FROM THE EQUALITY TRUST

In anticipation of A-level results day, our article on how parental wealth determines life chances was in the Telegraph citing evidence on the likelihood of getting a degree, and the unacceptable gap in future pay between state and privately-schooled graduates.

We also had an article in the Independent providing context for new sky-high executive pay figures, showing that someone on minimum wage would have to work for 400 years to earn what a FTSE 100 chief executive takes home in just 12 months.

Our director Duncan Exley was on Share Radio's 'Shop Floor' discussing the huge advantage children of well-off parents enjoy compared with children of equal ability from less advantaged backgrounds.

We blogged on:

 

PROGRESS AND DEVELOPMENTS

The British public said poverty/inequality is now the fourth most important issue facing the country, according to Ipsos Mori polling.

A new study from the Centre for Analysis of Social Exclusion showed high-attaining poorer children fall behind richer, lower-attaining children.

Privately-educated graduates in 'top jobs' get bigger pay rises than their state-schooled counterparts, found research for Sutton Trust and upReach.

Academic research shows the UK death rate for pre-schoolers is almost double Sweden's, with social inequality partly to blame.

Research from the King’s Fund found a narrowed gap in the life expectancy between rich and poor.

A TUC report said baby boomers are not to blame for wealth inequality across generations.

 

LOW AND HIGH PAY

The High Pay Centre revealed that FTSE 100 chief executives earn 183 times more than workers.

London Fairness Commission polling found strong support among Londoners for capping chief executive pay.

US research findings suggested low pay harms workers' wellbeing and companies' profits.

Other US research showed that reducing pay gaps can help firms to reduce staff turnover.

One in four jobs in Britain now pay less than the living wage, revealed figures from the ONS.

A campaign was launched by Unite to stop Pizza Express helping itself to a slice of its staff's tips.

 

LIVING COSTS

The Child Poverty Action Group found that the minimum standard of living has slipped further out of reach for low income families in the last year.

Official figures from the ONS showed the average house price has risen to 8.8 times local salaries, and rents are now up to 78% of incomes.

Rents have been rising more than twice as fast as living costs – if they had kept pace, people could have worked half a day less per week, said Generation Rent.

Policy Exchange released a report on improving transport for those on low incomes.

A study by the TUC showed rail fares have risen three times faster than wages.

 

POVERTY AND SOCIAL SECURITY

Official figures showed a 50% increase in evictions in England and Wales, blamed on benefit cuts by Shelter and other campaigners.

Court costs force poverty-stricken people to plead guilty to crimes they didn't commit, said legal experts.

A new report by Citizens Advice Scotland revealed that the poorest Scots are paying 10% more for essentials than higher-income people due to the 'poverty premium'.

We rely on donations to keep our campaign going. If you found this bulletin interesting and informative, please consider supporting our work by signing up as a regular supporter or by making a one off contribution. You can also support our work by forwarding this bulletin to people you know who might be interested in our work. Thank you!

 

 

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The Equality Trust
18 Victoria Park Square
London, E2-9PF
United Kingdom

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