London's Poverty Profile has been created by one of London's largest charitable funders, Trust for London, and the independent think tank, New Policy Institute.
London the 'most unequal city in the West', says academic
London has become the most unequal city in the western world, according to a leading academic.
'Injustice: Why Social Inequality Persists', a new book by Professor Danny Dorling of the University of Sheffield, shows that the richest tenth of Londoners had an average wealth of £933,563, a figure 273 times greater than the lowest 10 per cent, with an average wealth of £3,420.
The gap is bigger than comparable cities such as New York or Tokyo.
Professor Dorling said: "The wealth gap has created a social divide so big it now resembles an Indian caste system where people in London only mix with those from their own income brackets and have little to do with those outside. We are getting wealth inequalities in London now that have not been seen since the days of a slave-owning elite."
Find out more about inequality in London
Read an interview with Danny Dorling in The Guardian
The book is available from Policy Press
Posted on 5 May 2010
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