‘Some people must be earning millions’: inequality in the UK’s highest-earning constituency

The pay of the top 1% of earners is rising fast, while many in the Cities of London and Westminster are struggling

“You have got to be kidding me,” says Louis Margeite. “If that’s the average salary, some people must be earning millions, because no one we know earns anything remotely close to that.”

The 52-year-old postal worker has just learned he lives in the parliamentary seat with the highest average salary: the Cities of London and Westminster, where the mean average for full-time workers is almost £80,000, according to HMRC statistics, and rising fast.

Continue reading...

from The Guardian https://ift.tt/KzgiWn9
via IFTTT