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RT @YudinGreg: Several points on recent dramatic developments in Armenia. They are largely overlooked but provide evidence of a catastrophic collapse of Russian foreign policy in a hugely important region🧵1/10

🐦🔗: nitter.eu/LNethsingha/status/1

RT @duncan_morrow: This is a staggering statistic: The poorest Irish now have a living standard 63% higher than the poorest in the UK.

🐦🔗: nitter.eu/LNethsingha/status/1

RT @Simon_Nixon: A depressing enough statistic, but behind every SME that has stopped exporting to Europe lies some entrepreneur or business owner whose hopes have been pointlessly crushed. cityam.com/brexit-onslaught-de

🐦🔗: nitter.eu/LNethsingha/status/1

RT @jburnmurdoch: And none of this is to say that reducing inequality should come at the expense of economic growth. There is no trade-off here. As you can see from the charts, general economic performance and average living standards are higher in several of these more equal countries than the US

🐦🔗: nitter.eu/LNethsingha/status/1

RT @jburnmurdoch: ...which brings me back to my initial claim, that Britain and the US are poor societies with some very rich people.

You can become very rich in loads of countries! The real benchmark for whether a country is a good place to live is what the bottom of the distribution looks like.

🐦🔗: nitter.eu/LNethsingha/status/1

RT @jburnmurdoch: The result is that while high-earners in US & UK continue to be very comfortably well off, the poorest in those same societies — perhaps in the very next neighbourhood — are scraping by with living standards that the poor in much less wealthy countries would consider rough.

🐦🔗: nitter.eu/LNethsingha/status/1

RT @jburnmurdoch: So instead of those lines being near the top from the poorest to the richest, they’re nice and high for the rich, but much lower for the poor.

Brits and Americans in the bottom 10% have a *far* lower standard of living than the poor in the average developed country.

🐦🔗: nitter.eu/LNethsingha/status/1

RT @jburnmurdoch: But the income distributions in the UK and particularly the US are much less equal. In the UK, the top 10% earn almost 5x the bottom, and in the US it’s more than 6x.

That creates a steep gradient from top to bottom.

🐦🔗: nitter.eu/LNethsingha/status/1

RT @jburnmurdoch: That looks like this:

Norway’s richest have some of highest living standards of rich people in any country, while Norway’s poorest also fare better than poor people anywhere.

French, Dutch, Austrians, Germans etc also all rank among best living standards whether rich or poor.

🐦🔗: nitter.eu/LNethsingha/status/1

RT @jburnmurdoch: In most developed countries, the distribution of income is ~relatively~ equal, with top 10% earning about 3x as much as bottom 10%.

That means the same *relative* standard of living broadly persists across the income distribution.

🐦🔗: nitter.eu/LNethsingha/status/1

RT @jburnmurdoch: NEW: income inequality in US & UK is so wide that while the richest are very well off, the poorest have a worse standard of living than the poorest in countries like Slovenia ft.com/content/ef265420-45e8-4

Essentially, US & UK are poor societies with some very rich people.

A thread:

🐦🔗: nitter.eu/LNethsingha/status/1

RT @MarinaPurkiss: This is billionaire former banker & Tory Lord, Michael Spencer

He donated £25k to Truss’ leadership bid

He’s asked to name a Brexit benefit

Hear what he says

…then remember the new Govt policy announced this week to remove the cap on bankers’ bonuses

🐦🔗: nitter.eu/LNethsingha/status/1

RT @garius: It's Friday. Have some history.

So you know Hadrian's Wall? Well for over 1000 years everyone thought it was built by someone else.

Until, in 1840, John Hodgson, an unknown Northumbrian clergyman published the LONGEST footnote in history.

Read on... /1

🐦🔗: nitter.eu/LNethsingha/status/1

RT @Parody_PM: If we were in the EU, we would get a share of the £122billion windfall tax on energy companies. But thanks to Brexit, we can now give energy companies £100billion instead, which you then have the pleasure of paying back for decades!

🐦🔗: nitter.eu/LNethsingha/status/1

RT @sjcalkin: Thanks to Matt Dunkley, @LNethsingha & Alex Leslie for joining me to discuss the future of SEND services on The Local Authority podcast. Fair to say there wasn't much optimism about the govt's green paper, but plenty of ideas for what should happen instead t.co/GGMbjNPxNX

🐦🔗: nitter.eu/LNethsingha/status/1

RT @LibDems: “That was the great thing about Her Majesty, she had this wonderful sense of humour, that warmth and that compassion, as well as a sense of duty.

“So we are going to miss her very, very much.”
@EdwardJDavey

🐦🔗: nitter.eu/LNethsingha/status/1

RT @CambsCC: Books of condolence for Her Majesty The Queen are available to sign at a number of locations across the county including some libraries. There is also an online book which people can sign. Find out more here t.co/1IjWe3JjRF

🐦🔗: nitter.eu/LNethsingha/status/1

RT @CambsCC: The people of Cambridgeshire gathered at the Guildhall in Cambridge yesterday to witness the official proclamation of the new Sovereign, His Majesty King Charles III. If you missed it, you can watch it back here t.co/Y7T3ntOPbm

🐦🔗: nitter.eu/LNethsingha/status/1

RT @RichardFoordLD: Just back from a 5 day trip to Kyiv, where I met with officials as part of my work on the APPG for Ukraine & @LibDems Defence Spokesperson.

So inspiring to see the Ukrainian people rallying together in face of Russia’s illegal invasion and the real difference our aid is making.

🐦🔗: nitter.eu/LNethsingha/status/1

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