The difference between a New Lab, old Tory and Thatcher government
To explain these charts quickly. They show for each quintile (fifth) of the population their income growth in % terms over the PMships of (in order) Blair, Major, Thatcher. In other words the income distribution remains reasonably constant over the Blair years (the IFS says income inequality did not increase, a change on its previous findings) with total income growth of 2.3% (mean)/2.5% (median), under Major it improved but growth was only 0.8%/0.8%, and under Thatcher it got considerably worse and growth was 2.1%, 2.8%. One more note - these are percentage changes -- 1% for the bottom quintile in actual money terms is only 1/17th what 1% is for the top.
posted by Matthew @ 3/31/2005 02:16:00 PM
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