UK most unequal country in EU
A new report says that the UK is the most unequal country in the EU.
The report by the Dublin Foundation for the Improvement of Living and Working Conditions also said the EU’s agency for life at work, found that the UK had the worst Gini coefficient of any EU member state.
The Gini is one of the most widely used measures of inequality and calculates how income is distributed among a nation’s residents.
According to the results, the UK’s Gini rating is 0.404, a rate that has soared since the financial crisis in 2008. The result is well in excess of the EU average which is 0.346 and even exceeds the United States’ rating of 0.4.
Other countries to have been similarly affected were Greece, Austria and Hungary, although Portugal was the closest to Britain in terms of inequality levels.