The pre-crisis UK
This direct market trend was AUSTERITY marked by financial losses, property damage, and job losses. However, these improvements have resulted in a dramatic increase in the number of people living in poverty, doubling, from 7.3 million in 1979 to 13.5 million in 2008 in inequality. To the last level seen in the 1920s, three driven by tax growth are aimed at the rich, in particular. Since 1975, labor inequality has risen sharply in the UK than in any other OECD country, including the United States, 4 because the AUSTERITY UK is now the largest in terms of being the only OECD country. Yes, the UK has an inflation rate of 0.52, which is higher than the United States (0.49) .6
The UK’s average annual income rate for the top ten percent of the population in 2008 was close to $ 55,000; less than 10 percent, only £ 4,700 – an average of 12: 1. This rose from an 8: 1 ratio in 1985, and rose much higher than the national average improved at 9: 1.7
The crisis
The 2008 financial crisis has opened up to the AUSTERITY UK government and UK banks at an estimated cost of $ 141bn, with more than £ 1 trillion in debt. At the same time, the government has begun trying to raise £ 31bn, including VAT reductions, pre-school use, and delays in raising corporate taxes. The promotion program continued until 2010; at the same time, growth was faster for five poor people (3.4 percent) and slower for two poor five people (0.3 percent).