September 10, 2008

Mind the (Wealth) Gap in the U.K.

A Cambridge University professor said economic disparity between London and the rest of Great Britain is at its widest since World War II, the Telegraph reports.

Citing a recent study, Prof. Ron Martin announced at the Royal Geographic Society that household income levels in the London area are 25 percent greater than the rest of the country.

This contrasts with the rest of Europe, where he wealth gap has been narrowing.

Martin indicts the ruling Labour Party for not living up to its promise to correct these inequalities.

He also said the north lagged far behind in boom times and is doing worse since the housing market failed.

–T.J. Johnston/

“North-south wealth divide is widest in 60 years”
U.K. Telegraph, August 29, 2008

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