I said that, sadly, Sir Anthony hasn’t produced post-tax estimates of the income share of those within the top 1 per cent. Happily, I was wrong on that point.
At the end of last month I interviewed the godfather of inequality research, Sir Anthony Atkinson, for The Independent to coincide with the publication of his new book “Inequality: What can be done?”
When many people think and talk about inequality what they are referring to is the disparity between the incomes of the rich and those in the middle.
For now at least, talk of an “exodus” from UK debt and a “Gilts strike” looks premature.
Allowing me the freedom to take my pension as a lump sum on retirement will, likely as not, mean that I neglect my very old self in favour of my newly retired self.
There’s nothing especially political about it. It’s a hard-nosed calculation that weighs up the costs of higher average inflation on the one hand, against the benefits of more stable inflation and real activity on the other.
UKIP, the SNP and the Greens cut through all the complexity and noise. They say quite simple things, in straightforward ways. They’re clear. They’re economical. They’re succinct – and they look like they mean it.
* Many bankers are still overpaid
* The Chancellor’s Help to Buy subsidies are not a good idea
* Banks should not be broken up
* Narrow banking (ordinary deposits all backed by ultra-safe government bond) would be “too risky”
* Higher equity buffers for banks will result in less credit for the real economy
A policy that goes in the right direction risks being branded economically illiterate or dishonest by association.
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