The Scandal of Britain’s Economy

Great Britain, measured by GDP, is the world’s tenth richest country. Measured per capita it is ranked number twenty-seven (IMF, October 2014). In real terms this equates to each living person in the United Kingdom having an annual income of just over £24,000 per year. All things being equal, this should mean that the vast majority of British people have, by international standards, an excellent standard of living, but this is not the case. In fact Britain is now the most unequal society in the whole of Europe, a shameful reality the current coalition government hopes to ‘address’ by leaving the European Union and abandoning the European Convention on Human Rights.

Bean Sidhe

True reality in Britain is that more than half of the population live significantly below this national average income – such being the nature of averages and statistics. More than twenty percent of the British population live on between eight and nine thousand pounds per year and recent BBC research has found that the majority people living in poverty have full time employment. In March of this year it was estimated that over three million people in the UK are suffering from the effects of malnutrition due to the effects of poverty, all in a year when it was published that Britain’s richest ten percent doubled their wealth since the beginning of the financial crisis. The picture that is fast emerging in modern Britain is that it is a society where the gap between rich and poor is increasing rapidly, a situation that is soaking wealth from the bottom to the top. Starvation and developing world economic realities are very much a part of Britain’s present economy. What is perhaps most shocking is that this crisis is not being created by immigration, but by the Great British elite.

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