Political

New ONS stats: income inequality at lowest level since 1986

Twitter - ITVLauraK - ONS stats

Twitter - ITVLauraK - income inequality

The other figure – or rather long-term trend – that rather caught my eye was on the effective tax rate which people pay. This calculation takes into account both direct and indirect taxes and has been on a long-term downward trend since the early 1980s. Although it’s picked up a bit in the last couple of years, the effective tax rate is at levels last seen in the early 1970s. That’s very much at odds with a lot of the rhetoric about tax burdens.

ONS effective tax rate graph

More details are over on the ONS website.

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