The Punchline - Trending
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During our week in London broadcasting from the BBC, David Brancaccio and the Morning Report team will explore the growing income inequality in the U.K. in general, and in London in particular. The numbers are pretty staggering… the five wealthiest people in the U.K. have more money than the poorest 20 percent. The average salary is $44,000 while the wealthy elite are seeing their salaries grow by an average of $40,000 a year. Inequality is costing the U.K. more than $60 billion dollars a year. By 2020, an estimated 800,000 children will be living below the poverty line.