Inequality: Are we really ‘all in this together’?

In his March 2015 Budget speech, Chancellor George Osborne emphasised that austerity measures over the 2010-15 Parliament had been fairly shared: inequality had fallen and the British people were ‘all in this together’. In this article, Gabriel Zucman examines how the UK stands in terms of the levels and changes in inequality of pre-tax and benefit income and net incomes. It also explores the role of the coalition government’s policies in influencing these outcomes.