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Is this the most important chart in British politics?

February 14, 2013 11:04 am

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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).

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.
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