Labour manifesto: clawing back from the rich
The output (value-added) of the UK economy these days is around £1900 billion a year. Of that, about £360 billion is goods and services bought by central and local government, about £320 billion is capital investment, and about £1,130 billion is stuff bought by households. The sub-totals do not add up to the overall total because of other categories, and the figures are rough, based on the last available official figures, for 2014. The UK government produces many useful statistics on the distribution of household income, but not for the percentage of household income taken by the rich, the top...