Jeremy Corbyn has said that a cap on wages is required to address the inequality within British society.
The latest data for UK living standards shows how they have fallen for all, except the wealthiest members of society.
Average household incomes in the UK have returned to their pre-2008 crisis levels, according to the Institute of Fiscal Studies (IFS).
Britain’s five wealthiest families are worth more than the poorest 20% of the population according to a report from the charity Oxfam.
After 12 years under the guidance of Mayor and business mogul Michael Bloomberg, the biggest city in the United States is itself a tale of two cities. On the one hand, New York is more gentrified and safer than ever as previous no-go areas in Brooklyn and Harlem have been transformed into playgrounds for students and young professionals. On the other hand, skyrocketing housing prices and the 2008 financial meltdown has sent more of the city’s poor to the streets than ever before.