A set of reports showing how the top 1% are out of control, unaccountable, and not worth the money they are paid. Read the coverage in The Observer here.
Interesting that the London School of Economics, often a bastion of conventional economic theory, is beginning to make inequality, and the outrageous level of rewards taken by business leaders, a significant focus of its research. Of course The Spirit Level and much other work show that these levels of inequality are harmful to society. With so many businesses headquartered in London, we need to show the capital's business leaders that their collective greed is irritating the hell out of the rest of us!
At the same time new analysis from the JRF Foundation shows that the risk of experiencing childhood abuse and neglect is related to poverty. So the Government has cut top rates of tax for the rich and cut benefits for the poor. We will be launching My Fair London's manifesto for a fairer city shortly - calling on the next Mayor of London to find a different way.
The London Fairness Commission has announced that it will launch it's final report on 15th March. My Fair London was the driving force behind the establishment of the London Fairness Commission, helping to raise funds for its work, and working with Toynbee Hall and other partners to set its terms of reference. The Fairness Commission has held a series of public events and debates, and reviewed evidence on housing, employment, transport, education and young people, and many other important questions, to come up with a series of practical ways to make our city fairer. My Fair London hopes that the Commission's final report will highlight the gross economic inequality that blights our city, and outline a range of practical measures that the next Mayor of London can take to begin to make our city fairer once again.
The launch event, chaired by the Editor of the Evening Standard, is on 15th March from 12.30 to 2.30 p.m. at the National Theatre. Click here for more details and to book your place at the launch.
Although we haven't seen the Commission's final recommendations, My Fair London activists and supporters are strongly encouraged to attend the launch, to show our support for the commission and to see what they have come up with!
Holding the Mayor to account and investigating issues that matter to Londoners
04 February 2016
London Assembly Economy Committee - London's Labour Markets Report
Please find attached a copy of the London Assembly Economy Committee’s report, The Hourglass Economy: An analysis of London's Labour Market. The report is the culmination of an investigation by the Committee, into the response of London’s labour market to the 2008 economic downturn.
As the dust of the recession settles, the data indicates a strong recovery. However our investigation has revealed that, for some at least, the labour market now is a less positive place in which to work, than prior to the downturn.
The report calls for clear action by the Mayor, and his successor, to improve:
- skills, career prospects and job opportunities for Londoners;
- job quality and contractual arrangements offered by London’s employers;
- flexible working practices in the capital; and
- the level of in-work poverty in the capital through furthering the impact of the London Living Wage.
You can find the report on our webpage, here. We hope that you will enjoy reading the report and that you will welcome and support its recommendations.
Please feel free to promote the report via your own social networks. An example tweet you may like to use can be found here.
With very best regards,
London Assembly Economy Committee.
In Sickness and in Wealth:
Sir Michael Marmot in conversation with Professors Richard Wilkinson & Kate Pickett
Introduced by Christina McAnea (UNISON, Head of Health)
Tuesday 1 March, 6.15pm – 8pm
UNISON Centre, 130 Euston Road, London, NW1 2AY
In every country in the world, the higher you are on the social scale, the longer and healthier your life will be. In Britain, the average person would have eight extra years of healthy life if they had the same opportunities as the richest in our society. This social gradient is not inevitable, so what can governments do to address these dramatic and unjust health inequalities?
At this Equality Trust event, hosted by UNISON, Sir Michael Marmot will discuss the evidence from his latest book,The Health Gap: The Challenge of an Unequal World, with Spirit Level authors Professors Kate Pickett and Richard Wilkinson. Together they will explore the political and policy implications of the research, and take questions from the audience.
Places for this event are free, but space is limited so please register here
An important, but depressing, new report has been published by the Centre for Health Economics at the University of York. The researchers have modelled the impact of our unfair society on the use of A&E departments and emergency attendances at hospital. They find that nearly half of all emergency hospital admissions are related to our unfair society. If we could move all households up to the income of the top 20 percent, that's a weekly income of £1,200 or above, we could avoid 158,000 emergency admissions annually. They found nearly 38,000 avoidable deaths associated with treatable conditions. People in the poorest fifth of households in Britain are three times more likely to go to hospital than people in the richest fifth.
One of the biggest things we can do to help the NHS is to reduce inequality in Britain. Unfortunately the health harms reaped on us all by extreme inequality will take many years for our society to recover from.
The report is available at http://www.york.ac.uk/media/che/documents/policybriefing/Health%20Inequality.pdf
Oxfam have launched a petition asking David Cameron to take action to crack down on tax havens and the many other tax avoidance tricks used by multi-national corporations and the superrich. This is part of Oxfam's wider international campaign about inequality. They calculate that 62 people have as much wealth between them as 3,200,000,000, or half the world's population. London as one of the leading centres of global finance, accounting and business must have a major part to play in rebalancing our world. The people at the very top are taking too much, and if you read Professor Sir Michael Marmot's book 'The Health Gap', you can see in detail how everyone, from rich to poor, would benefit from a more equal London, a more equal Britain, and a more equal world.
Oxfam's petition is here https://act.oxfam.org/great-britain/en
There's a good review of 'The Health Gap' here. https://www.timeshighereducation.com/books/review-the-health-gap-michael-marmot-bloomsbury
At a packed Fabian Society conference today Jeremy Corbyn put fairness at centre of his keynote speech. He called for fairer housing, fair wages, a fairer economy. His speech highlighted just how unfair so many of the current Government's policies are, hitting the poorest hardest, and making life easier for the wealthy.
My Fair London had an exhibition stand at the conference and we were busy all day talking to delegates. Thanks for so many good conversations and to the 80+ people who signed up to our mailing list.
Much of Corbyn's speech could have been written by My Fair London. He described how inequality is bad for jobs and growth, how it is neither necessary nor inevitable, and how people at the top have taken too much. One of his proposals, heavily trailed in the media, was to link companies paying dividends to shareholders to whether they pay a living wage to their lowest paid employees. He spoke about the need for wage ratios, a key My Fair London campaign objective.
At lunchtime Labour's mayoral candidate Sadiq Khan spoke about London's housing crisis, setting out some very practical proposals to tackle our broken housing market. Inequality seemed to underpin much of Sadiq's message but he could have emphasised it's impact on London more explicitly. Rampant inequality is the root of so many of London's problems.
Come along to our meeting on 20th January to help us develop our campaign ideas for the Mayoral election.
Lots of press coverage of the speech - there's detailed report in the Guardian here
Very exciting to see a significant US Presidential candidate setting out how inequality is one of the central problems facing America. The UK (and London) not there yet, but the international child poverty figures he uses show the UK is second only to the US in levels of child poverty. London has been leading Britain towards a more unequal society, where the very richest take more and more. It would be great to see some of our Mayoral candidates learning some positive from America.
Check out the video at https://berniesanders.com/issues/income-and-wealth-inequality/
2016 MFL Programme
We have monthly meetings often with prominent speakers held at UCLH, 250 Euston Rd, London. Please sign up for more details
Our current dates for 2016 are:
If machines produce everything we need, the outcome will depend on how things are distributed. Everyone can enjoy a life of luxurious leisure if the machine-produced wealth is shared, or most people can end up miserably poor if the machine-owners successfully lobby against wealth redistribution. So far, the trend seems to be toward the second option, with technology driving ever-increasing inequality.