Ever since the Global Financial Crisis, living standards have split between those who own their own home and those who do not. Inability to find work is no longer an indicator of poverty. In fact more than half of those living in poverty come from a household where someone is in work. The property-owning democracy was meant to make people more conservative, but the rise in home ownership exacerbated the rise in inequality. What effect its reversal might have on our politics is anybody’s guess.
Are we better off today than back in the 1970s? The obvious answer would appear to be yes…but is having a lot more stuff now than back then, is that really what ‘better off’ means?
Trump’s presidency as well as the positions taken by Western liberal elites will provide India with a wonderful opportunity to grow and take its place as an economic powerhouse.
One event can lead to high emotions across a country as seen through the case of Mark Duggan. Leslie Thomas QC tells us why and what tensions still exist.
John Lanchester talks about the London housing crisis and its consequences.