UK spends billions to support inequality in favor of the rich – report ...News

Russia Today - Economy
UK spends billions to support inequality in favor of the rich – report
source : Russia Today ( News ) () 78
Britain is the most unequal country after the US, the OECD has found The UK spends more than any other European country on financing structural inequality in favor of the rich, the latest research by the Organization for Economic Co-operation and Development (OECD) has found. According to the report, Britain spends £106.2 billion ($133.8 billion) annually to subsidize income, wealth, and power inequalities compared with the average OECD country. Compared to the top five most equal countries, inequality costs the UK £128.4 billion ($161.8 billion) a year in damage to the economy, communities, and individuals, the E

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