William Eichler 06 August 2019

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

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.’

SIGN UP
For your free daily news bulletin
Highways jobs

Part Time Legal Caseworker - Corporate and Commercial Law

Essex County Council
£25081.00 - £27653.00 per annum + Pro Rata
Part Time Legal Caseworker - Corporate and Commercial LawPermanent, Full Time£25,081 to £27,653 per annum, full time equivalentLocation
Recuriter: Essex County Council

Education Safeguarding Adviser

Essex County Council
£36375.0000 - £42794.0000 per annum
Education Safeguarding AdviserFixed Term, Full Time£36,375 to £42,794 per annumLocation
Recuriter: Essex County Council

Enviro Crime and Enforcement Officer

Royal Borough of Greenwich
SO2 - £38,934 to £40,755
Make a real difference in your community Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

White Rose Forest Landscape for Water Project Officer

Kirklees Metropolitan Council
£38,220 - £40,777
The role of Landscapes for Water Project Officer and the White Rose Forest Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Finance Manager

Durham County Council
£66,164 to £68,493 p.a. (Band 2)
Are you an experienced finance leader ready to take on a high-profile role at the heart of a major organisational and financial transformation?   Durh Durham
Recuriter: Durham County Council
Linkedin Banner