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Scrapping payments to wealthiest 5% to 10% would allow government to give more to people in greater need, says thinktank.
Real-terms wages in the UK fell by more than 10% between 2007 and 2015, the biggest fall among leading OECD countries.
Further cuts to social security benefits will 'inevitably' increase income inequality in the UK, a respected economist has warned.
Widening income inequality is holding back the UK growth rate by as much as six to nine percentage points, a new report shows.