Comment
Today the IFS published a detailed examination of what happened to living standards, to poverty and to inequality over Labour's 13 years in office. Amongst other findings, this shows that income inequality rose under Labour. Much of the explanation for this can be found in the fast growth in the incomes of the very richest, and in particular of the incomes of just the top one or two percent. These very high earners have seen their incomes pull away from those of the large majority.