Britain is a wealthy country, but the gap between our richest and poorest 10% is now, the US excepted, the highest in the developed world. Accelerating since the financial crisis, wealth inequality casts a shadow over all our lives, affecting health, housing, education, productivity, enterprise, the media and even the vitality of our democracy.
It has reached the point, a Fairness Foundation report last week argued, that the threat to our collective wellbeing means it should join climate change and terrorism on the government’s national risk register.