By: IEA
April 5, 2018
Listen to the Dear Leader Jeremy Corbyn and his fellow travellers, and one would think that economic inequality in the UK is going through the roof.
“We cannot go on creating worse levels of inequality,” Corbyn said last year. Left-wing commentators such as Polly Toynbee and Will Hutton have in the past claimed inequality is “soaring” and “ever-increasing”. Corbyn has tweeted on this factoid several times, and even preached to the UN in December about burgeoning inequality at a global level.
Now, it’s a cliché, but everyone is entitled to their own opinions but not to their own facts. And for once, Corbyn is being liberal. Unfortunately, with the truth.
Take income inequality in the UK, which tends to be the default metric for economic inequality. Everybody knows that it’s been rising in recent years, right? Wrong.