http://www.londonspovertyprofile.org.uk/indicators/ Latest updates to Income and wealth inequality en Copyright 2012 Mon, 10 Oct 2011 15:57:56 +0000 http://www.sixapart.com/movabletype/ http://www.rssboard.org/rss-specification

On this measure, Kensington & Chelsea is the most polarised borough in London.

Newham and Barking & Dagenham are the least polarised, based on the proportion of benefit recipients in each ward.

There is a correlation between the level of benefit recipiency and the degree of polarisation.

]]> http://www.londonspovertyprofile.org.uk/indicators/topics/inequality/polarisation-by-london-borough/ http://www.londonspovertyprofile.org.uk/indicators/topics/inequality/polarisation-by-london-borough/ 02 Inequality Barking and Dagenham Bromley Kensington and Chelsea Newham Westminster Mon, 10 Oct 2011 15:57:56 +0000

Most boroughs have a mix of low-income and high-income households.

Newham and Barking & Dagenham have a lot of low-income households and very few high-income households.

Richmond, the City of London, Kensington & Chelsea have a lot of high-income households and very few low-income households.

]]> http://www.londonspovertyprofile.org.uk/indicators/topics/inequality/income-inequalities-by-london-borough/ http://www.londonspovertyprofile.org.uk/indicators/topics/inequality/income-inequalities-by-london-borough/ 02 Inequality Barking and Dagenham City of London Kensington and Chelsea Newham Richmond upon Thames Westminster Mon, 10 Oct 2011 15:48:23 +0000

The top 10% of households by income in London account for 40% of all income. The bottom half have around 15% of all London's income.

• The top 10% of households by property wealth account for 45% of that wealth. The bottom four deciles 40% have no or nearly no household wealth at all (mainly because they rent their accommodation).

• The richest 10% by financial wealth (savings and non-property assets) account for two-thirds of the financial wealth in London. The financial wealth of the bottom half is effectively zero.

]]> http://www.londonspovertyprofile.org.uk/indicators/topics/inequality/income-property-and-financial-inequality/ http://www.londonspovertyprofile.org.uk/indicators/topics/inequality/income-property-and-financial-inequality/ 02 Inequality Mon, 10 Oct 2011 15:36:57 +0000

Inner London is more unequal than all regions in England.

• Overall in London, 14% of people live in the poorest tenth of the population nationwide and 18% live in the richest tenth.

• Apart from London, no other region has significantly more than 10% of its population in the bottom tenth of the income distribution.

]]> http://www.londonspovertyprofile.org.uk/indicators/topics/inequality/income-inequality-by-english-region/ http://www.londonspovertyprofile.org.uk/indicators/topics/inequality/income-inequality-by-english-region/ 02 Inequality IL OL Mon, 10 Oct 2011 15:30:24 +0000

The difference in the pay of the top quarter and the bottom quarter of employed residents is greater in London than the average in England.

• In London, Kensington & Chelsea has the biggest gap between high and low earners, both in relative and absolute terms.

• The variation in pay is much greater at the top end than the bottom.

]]> http://www.londonspovertyprofile.org.uk/indicators/topics/inequality/pay-inequalities-within-london/ http://www.londonspovertyprofile.org.uk/indicators/topics/inequality/pay-inequalities-within-london/ 02 Inequality Barking and Dagenham Kensington and Chelsea Newham Working-age adults Q Thu, 30 Apr 2009 21:00:47 +0000

Haringey is the most divided borough in London. Of its 19 wards, four are in the richest 10% and five are in the poorest 10%.

• Newham and Barking & Dagenham both have many of the poorest wards in London and none of the richest.

• Richmond has 13 of the richest wards but not a single ward in the bottom 10%.

]]> http://www.londonspovertyprofile.org.uk/indicators/topics/inequality/income-inequalities-within-london-boroughs/ http://www.londonspovertyprofile.org.uk/indicators/topics/inequality/income-inequalities-within-london-boroughs/ 02 Inequality Hammersmith and Fulham Haringey Islington Kensington and Chelsea Newham Richmond upon Thames Southwark Tower Hamlets Working-age adults Thu, 30 Apr 2009 20:32:29 +0000

London, and Inner London in particular, is more unequal than any other region of England. In Inner London, 17% of people live in the poorest tenth of households in the country and 18% live in the richest tenth.

• The richest tenth of London households by income account for 40% of all income. This is more than twice as much as the entire bottom half of households.

• But differences by wealth are more striking still. The richest 10% in terms of financial wealth account for two-thirds of all such wealth in London. The bottom half effectively account for none of the financial wealth in the capital.

• Kensington & Chelsea and Westminster are the most polarised boroughs in London. In both cases half of benefit recipients live in the most deprived quarter of neighbourhoods. The richest quarter of neighbourhoods account for only 5% of benefit recipients. Conversely, the least polarised boroughs are concentrated in the Inner East & South.
  
• Kensington & Chelsea has the biggest gap between high and low earners, both in relative and absolute terms. The top quarter of high earners earn on average £40 per hour. Low earners (the bottom quarter) earn £12 per hour.

]]> http://www.londonspovertyprofile.org.uk/indicators/topics/inequality/intro-income-and-pay-inequality/ http://www.londonspovertyprofile.org.uk/indicators/topics/inequality/intro-income-and-pay-inequality/ 02 Inequality IL OL Q Thu, 30 Apr 2009 20:23:25 +0000