Personal Incomes

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 16th January 2018.

Alert me about debates like this

Photo of Philip Hammond Philip Hammond The Chancellor of the Exchequer 12:00 am, 16th January 2018

Income inequality is lower than it was in 2010. In fact, it remains lower than at any point under the last Labour Government. The Gini coefficient, which is an internationally recognised measure of income inequality, is now 3% lower than in 2010. Since my autumn statement in 2016, we have increased the tax contributions of the highest earners while those on the lowest incomes have gained overall.