Rising inequality in Britain risks putting the country on the same path as the US to become one of the most unequal nations on earth, according to a Nobel-prize winning economist. Deaton believes these figures are an early warning sign of the UK developing characteristics of inequality similar to the US. Deaton warned that rising inequality was not a uniform phenomenon in the UK, judging by mortality statistics. However, the headline measurement of inequality masks significant differences for households in modern Britain, which Deaton said were important to consider. Income inequality is lower now than it was in 2010.”

Source: The Guardian May 13, 2019 23:01 UTC