The UK has a very high level of income inequality in comparison to other developed countries.
You may have thought this might not be the case, as we have benefits and a progressive tax system in place, which means higher earners pay more tax, and these measures would help to reduce income inequality in the UK. But despite these measures we still have high income inequality.
Due to corona this income inequality is sure to get worse, as 70% of private firms in the UK have furloughed staff and 30% of firms have sent home over 75% of their workforce. Furloughed staff are currently receiving 80% of their wages, however this varies between companies.
Virgin for example founded by Richard Branson plans to lay off 1/3 of its workforce.
However our situation is no-where near as bad as the US, or is it?
The UK is now the European country most similar to the USA in terms of income inequalities.
“Donald Trump’s handling of the covid-19 crisis has left the US looking like a third world country and on course for a second great depression” warns top economist Larry Elliot in this week’s Guardian.
To add to the inequality further it was reported in today’s (12/5/20) Guardian that “people in low-paid manual jobs face a greater risk of dying from corona virus than high paid workers do. Men in low skilled jobs are four times more likely to die from the virus and women working as carers are twice as more likely to die than those in professional roles” states Caelann Barr and Philllip Inman.
Will the US and UK recover from the income inequality caused by the corona virus?
#coronavirus #income #inequality #staysafe #jeffreysjourney #thankyoukeyworkers
JeffreysJourneyEIBM 
many of Boris Johnson’s votes have come from towns who do not normally carry a Conservative majority so it will be in his interests to address issues such as income inequality
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