Friday, January 25, 2008


"In a detailed study of the very rich, the Institute for Fiscal Studies uses data from the HM Revenue and Customs to show that the top 1 per cent of adults - comprising a group of 47,000 people - earn an average of £222,000 a year; while the top 0.1 per cent make a pre-tax income of, on average, £780,000 compared with the average across all taxpayers of £25,000." (Observer, 20 January) No worries here about minimum wage legislation or foreclosed mortgages we imagine. RD

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