Income and Wealth Inequality Debate

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Department: HM Treasury

Income and Wealth Inequality

Baroness Armstrong of Hill Top Excerpts
Wednesday 26th November 2014

(9 years, 5 months ago)

Lords Chamber
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Lord Newby Portrait Lord Newby
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My Lords, I cannot but agree with my former tutor. I fear that I did not hear the last part of his question altogether, but it is very important, first, that we shine a greater light on the amount that people have been earning at the top end so that they can be subject to appropriate scrutiny, and, secondly, that people at the top end are taxed more effectively than they have sometimes been in the past. In both those respects, the Government have made some progress.

Baroness Armstrong of Hill Top Portrait Baroness Armstrong of Hill Top (Lab)
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My Lords, has the Minister read the recent report of the Social Mobility and Child Poverty Commission? Its central conclusion is that, because of the rise in the number of working poor, unless very different policies are pursued, by 2020 the challenge will be that we will be a much more divided nation between north and south and between rich and poor. What are the Government going to do in order to have those different policies to ensure that we are not a singularly divided nation?

Lord Newby Portrait Lord Newby
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My Lords, the commission has put great priority, in all its reports, on the importance of work in households. One of the telling statistics, for me, about what has happened in recent years is that there are now 390,000 fewer children in workless households than there were in 2010 and that the proportion of children in workless households is now at its lowest level since records began. We know that the family environment is extremely important to how children think about the workplace and to their chances of getting jobs.