THE top 10 per cent of Britain’s population has more wealth than the other 90 per cent combined, according to TUC analysis of official Office for National Statistics (ONS) figures released today.
The huge inequality between rich and poor has widened under 14 years of Tory rule, which saw an “explosion” in insecure work and a decline in living standards.
Under the Conservatives, real wages grew by just 0.3 per cent a year — compared with 1.5 per cent from 1997 to 2010 under Labour.
The TUC estimates that the average worker would be £117 a week better off had pay increased since 2010 at the same pace as between 1997 and 2010.
Pay growth during Conservative-led governments from 2010-2024 was worse than for any other period of government since the 1920s.
The Tories also oversaw the worst fall in living standards since records began in 1955, the TUC said.
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