Is this the most important chart in British politics?

February 14, 2013 11:04 am
Ed’s speech draws heavily on the thinking behind Simon Rosenberg’s “The Most Important Graph in American Politics” (as covered in detail by Patrick Wintour).
Using ONS, OECD and DWP data, Jeremy Cliffe has reproduced the chart for the UK economy. It shows that, as in America, the productivity gains and growth of the pre-crash boom years did not translate into a major boost for household incomes (particularly amongst middle earners).
BDBr9kKCUAAN-sv.jpg-large
  • MonkeyBot5000

    So you’re saying that the people who provide the capital are taking the gains in productivity and the people who provide the Labour get the crumbs that are left over?

    I’d be shocked if we hadn’t been living under this system since the end of Feudalism.

  • Daniel Speight

    If this is the most important chart, then it’s terrible indictment of Blair, Brown, ‘New’ Labour and Mandelson’s relaxation over the filthy rich. Anyone who took part in that pre-election conference standing ovation for Mandelson should be ashamed of themself.

  • Pingback: Labour’s new ‘blue collar’ politics | Shifting Grounds()

Latest

  • Comment It’s Ukip that offends working class sentiment

    It’s Ukip that offends working class sentiment

    After this week’s Twitter row at the Rochester by-election, I am using my keynote speech to the Labour East Regional Conference today to say that it is UKIP who truly offends working class sentiment and represents a party which is fundamentally un-British. Today I am lucky to serve as a Euro MP but, like many in our movement, I grew up on a council estate living in poverty, so don’t need any lectures from UKIP about snobbery. First, we can’t counter UKIP […]

    Read more →
  • News Balls says money raised from banking fines should go to the NHS

    Balls says money raised from banking fines should go to the NHS

    In a speech today at Labour’s East of England regional conference in Ipswich, Ed Balls has announced that £1bn raised from banks who are fined for manipulating the markers should go to the NHS. He is calling on George Osborne to include this in his Autumn Statement, due to take place on the 3rd December. This also comes after many health care professionals said due to funding cuts, “the NHS and our social care services are at breaking point.” Balls […]

    Read more →
  • Comment Scotland Join the 1,000 – building a movement for Labour’s future in Scotland

    Join the 1,000 – building a movement for Labour’s future in Scotland

    Last Tuesday I stopped by a Team Findlay phone bank in Glasgow. I was expecting to see a half dozen people making calls. There were close to 40. And that was just in Glasgow. More people were hitting the phones from Aberdeen to Ayrshire and from Dundee to Dumfries to take part in what we’re calling ‘Call 4 Change’. It’s been like this since my campaign kicked off two weeks ago. We launched ‘Neil 4 Scotland’ in the Miners’ Welfare in […]

    Read more →
  • Comment We must continue our support for Nigeria’s government in their efforts to bring the kidnapped schoolgirls home

    We must continue our support for Nigeria’s government in their efforts to bring the kidnapped schoolgirls home

    On 14th April, more than 200 schoolgirls were abducted in Chibok, in north-eastern Nigeria, by the Islamist terrorist group Boko Haram, prompting a widespread international outcry. Seven months later, many of these girls have still not been able to return to their homes and families. The hell they are still enduring can hardly be imagined. Here in the UK, there is cross-party support for Britain to continue to provide support – alongside our allies – to the Nigerian authorities in […]

    Read more →
  • News Labour MP calls on Tories to give up Whelan’s £1.5m donation after “antisemitic and racist” comments

    Labour MP calls on Tories to give up Whelan’s £1.5m donation after “antisemitic and racist” comments

    Karl Turner MP has written a letter to David Cameron, asking him to give up the £1.5 million donated to the Tories by Dave Whelan, the owner of Wigan Athletic football club after he made “antisemitic and racist comments”. This comes after Whelan said “Jewish people chase money more than everybody else” and that there is ‘nothing’ wrong with calling a person from China a “chink”, defending the use of this racist term by claiming, “If any Englishman said he has […]

    Read more →