William Eichler 06 August 2019

Majority of top 1% of earners in South East, study reveals

Majority of top 1% of earners in South East, study reveals image

More than half of the top 1% of earners in this country live in London and the South East, new research has revealed.

A study published today by the Institute for Fiscal Studies (IFS) has revealed the extent of income inequality in the UK.

Using data from income tax records, it found that if you have a pre-tax income of a little over £50,000, you will be among the highest 10% of income tax payers.

However, the IFS study also found that in order to get into the top 1% of earners you had to earn three times that amount, while the top 0.1% have pre-tax incomes in excess of £650,000 a year.

The study also revealed the levels of inequality between regions.

More than half of the top 1% live in London and the South East, with more than a third in London alone.

Half of them lived in just 65 parliamentary constituencies in 2014-15 – down from 78 in 2000–01. Of those 65 constituencies, 52 are in London and the South East.

‘The highest-income people are very over-represented in the country’s south east corner, most of them are men, and many are in their 40s and 50s,’ said Robert Joyce, deputy director at the IFS.

‘This geographic and demographic concentration may be one reason why many of those on high incomes don’t realise quite how much higher their incomes are than the average.

‘The sheer scale of the gap between the top 1% and the top 0.1% may also help explain that.’

Highways jobs

DEPUTY DIRECTOR

City of Bradford MDC
£102K
Big and diverse, Bradford is the UK’s youngest city Bradford, West Yorkshire
Recuriter: City of Bradford MDC

Senior Financial Accountant

Essex County Council
£50001.0 - £59590 per annum
Essex County Council is one the largest and most complex local authorities in the UK, with a turnover of £2bn. We are a Council with high ambitions, a England, Essex, Chelmsford
Recuriter: Essex County Council

Financial Accountant

Essex County Council
£38001.0 - £44440 per annum
Essex County Council is one the largest and most complex local authorities in the UK, with a turnover of £2bn. We are a Council with high ambitions, a England, Essex, Chelmsford
Recuriter: Essex County Council

Senior Practitioner - Children in Care

Essex County Council
£38000.0 - £46000.0 per annum
Senior Practitioner - Children in Care - BasildonIn ECC we are "Serious about Social Work". Having recently won the Best Social Work Employer of the Y England, Essex, Basildon
Recuriter: Essex County Council

Casual Lifeguard

Chelmsford City Council
Grade 3 - £9.29 per hour
South Woodham Ferrers Leisure Centre is a large, multi-purpose complex accommodating a swimming pool, a sports hall, two further halls, Fitness Roo... Chelmsford, Essex
Recuriter: Chelmsford City Council

Local Government News

Latest issue - Local Goverrnemnt News

The June issue of Local Government News contains the full details of all the winning schemes in the 2019 Street Design Awards. From Children's Play to Pedestrian Environment, find out who has been recognised for their innovation and use of best practice.

This issue also explores how local government pension funds can hedge currency risk, how councils can best address the shortfall in school places, and an update on the number of authorities banning the use of Roundup over safety fears.

Register for your free magazine