ocr: Income inequality in the UK was higher in 1994 than in 1884, when records first began. In part, this is the result of the reductions in taxation for higher eamers introducedi - under the Thatcher administration. The purchasing power of salaries rose sharply during the 1980s : and early 1990s. However, in the same period unemployment tripled whilst the value of. state benetits fell. The value ofthe old age pension has tallen sharply. Wealth remains well-hidden in the UK. Considerable amounts are invested on the stock market, overseas, or in the Lloyds' insurance market. A series of disastrous l ...
