Saturday 23 May 2020

Top 1% of British earners get 17% of nation's income

Top 1% of British earners get 17% of nation's income

The highest paid 1% of British earners received nearly 17% of all the country’s income ahead of the Covid-19 crisis, according to a study making allowance for the concentration of taxable capital gains among the better off. Analysis by Warwick University, the London School of Economics and the Resolution Foundation of previously confidential HMRC data showed that the top 1% had a growing and much bigger slice of income than previously thought.
Read more: https://www.theguardian.com/money/2020/may/21/top-1-of-british-earners-get-17-of-nations-income?source=Snapzu

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