The latest data on household income distribution, after taking into account the effects of benefits and taxes for 2016/17 financial year, shows that the tax and benefit system significantly reduces inequality in the UK, explains the research team at RBS. Key Quotes “Before taxes and benefits the average income of the richest fifth of households was 12 times greater than that of the poorest fifth (S20/S80 ratio).” “After taking into account benefits (including in-kind) and taxes (including indirect) the ratio reduced to 3.7 times. One striking observation is how stable various measures of income inequality are over time.” “There was hardly any change in Gini coefficient and S20/S80 ratio since early 1990’s.Inequality continues to be a powerful rallying cry but on these measures at least it isn’t getting any worse.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ethereum Classic price analysis: ETC/USD ignores market bear pressure; jumps 1% on a daily basis FX Street 5 years The latest data on household income distribution, after taking into account the effects of benefits and taxes for 2016/17 financial year, shows that the tax and benefit system significantly reduces inequality in the UK, explains the research team at RBS. Key Quotes "Before taxes and benefits the average income of the richest fifth of households was 12 times greater than that of the poorest fifth (S20/S80 ratio)." "After taking into account benefits (including in-kind) and taxes (including indirect) the ratio reduced to 3.7 times. One striking observation is how stable various measures of income inequality are over time." "There was… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
