Britain risks following US on extreme inequality, says think-tank

A report by the IFS, to be published on Tuesday at the review’s launch, noted that while UK income inequality had been stable, this was largely because tax credits had offset worsening earnings inequality. “Benefit income received from the government may feel quite different, in terms of the dignity and security it brings, from income earning in the labour market,” said the report. But inequality “is not just about money”, added the report. Among other examples, it called attention to a rise in the UK of middle aged “deaths of despair”, from suicide, drug overdose or alcohol-related disease.