UK spends more financing inequality in favour of rich than rest of Europe, report finds

The Robin Hood statue in Nottingham. The UK subsidises the cost of structural inequality in favour of the rich, according to the Equality Trust. Photograph: Tracey Whitefoot/Alamy

The UK spends more than anywhere else in Europe subsidising the cost of structural inequality in favour of the rich, according to an analysis of 23 OECD countries.

Inequalities of income, wealth and power cost the UK £106.2bn a year compared with the average developed country in the Organisation for Economic Co-operation and Development (OECD), according to the Equality Trust’s cost of inequality report.