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
London students entitled to Free School Meals are 15 percentage points less likely to attain level 3 qualifications (A Level equivalent) than other students in London. In the rest of the UK, this gap in attainment is 28%. pic.twitter.com/Z4v5q7vSM320 Feb 2018
36% of housing delivered in #Haringey was social housing, affordable housing or shared accomodation in the three years up to 2015/16. This is the 5th highest rate in London. 604 such homes were built during this period, which is the 17th most out of London's 32 boroughs. pic.twitter.com/YaBVggmgog20 Feb 2018
More inner London students from disadvantaged backgrounds went to university than those from non-disadvantaged backgrounds in 2015/16. pic.twitter.com/DHAE2XEuiX19 Feb 2018