The gap between the richest and poorest in London
of London's wealth is owned by the richest 10% of its households. The bottom 50% own just over 5%.
greater is the income of someone just in the top 10% in London in comparison to someone just in the bottom 10%.
Inequality explains the incongruence between two pictures of London: one of the booming centre of global finance and home to many of the world’s rich, and the other of a city with high levels of poverty and deprivation.
Income inequality is significantly greater in London than elsewhere in England. In the three years to 2015/2016, the income of someone just inside the top 10% was eight times higher than someone just inside the bottom 10% of earners, and the top 10% earned more than the bottom 50%. However, the lowest 10% of earners have seen their wages increase since 2011, while median earners and the top 10% have experienced declines.
Wealth inequality is far wider than income inequality in London. 50% of London’s wealth is earned by the richest 10% of its households, while the bottom 50% own just over 5%. And someone just inside the top 10% in terms of wealth owns 295 times more than someone just inside the bottom 10%. This trend is becoming more extreme in London, with the least wealthy 10% of people losing 32% of their wealth over the last two years, compared to a 2% drop across Great Britain. Meanwhile, the wealth of the top 10% in London has increased by 25%.
Income inequality across England
Income inequality over time
Income inequality and housing costs
Pay inequalities across England
Changes in pay inequality
From our Twitter
Bexley delivered fewer new affordable homes than any other borough. Our research from @PovertyLondon is quoted in the @BexleyTimes #ukhousing . http://www.bexleytimes.co.uk/news/bexley-has-fewer-affordable-new-homes-than-any-other-london-borough-according-to-new-research-1-5404224 …22 Feb 2018
Educational improvements have stalled in many areas since 2012/13. pic.twitter.com/krIhHHDv0s22 Feb 2018
Rent for low earners in #Haringey costs 75% of their salary - the 6th most expensive in London. This is measured by comparing lower quartile rent for a two bedroom apartment to a lower quartile worker's salary. #Ukhousing pic.twitter.com/rIGFqvAmaS22 Feb 2018