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Type: IFS Press Releases Authors: Mike Brewer and Luke Sibieta
Related report: Racing away? Income inequality and the evolution of high incomes Related report: Racing away? Income inequality and the evolution of high incomes
The outlook for inequality in Britain may depend more on the outlook for the stock market than on Government tax and benefit policies, a study by IFS researchers suggests today. Even though the current Government has increased taxes on people with high incomes, this has not prevented them from them racing further away from the average level of living standards across the country. In recent years, it is only in the wake of extended falls in the stock market that the incomes of the richest have fallen. Search |
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