Ferdinando Giugliano, Columnist

U.K. Inequality Runs Deeper Than You Think

A recent pickup in the Gini coefficient is certainly unwelcome. Persistent intergenerational inequality is more worrying.

March 1, 2019 at 5:00 AM UTC

By Ferdinando Giugliano

Ferdinando Giugliano is a former Bloomberg Opinion columnist. He was previously a member of the editorial board of the Financial Times.

There’s more to worry about besides the recent increase in the Gini coefficient. — There’s more to worry about besides the recent increase in the Gini coefficient.
Photographer: Chris Jackson/Getty Images Europe

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From left to right, British politicians have taken one particular issue to heart.

“When it comes to opportunity we won’t entrench the advantages of the fortunate few, we will do everything we can to help anybody,” said Theresa May in her maiden speech as prime minister in July 2016. Since becoming Labour leader, Jeremy Corbyn has lambasted “grotesque” disparities that he believes to be the consequence of nearly a decade of Conservative party rule. “We cannot go on creating worse levels of inequality,” he said in a 2017 interview.