Gap between haves and have-nots widening, report warns

The growing gap between the UK's "Haves and have-nots" is in danger of becoming a "Chasm", a report has warned. "For too many Britain is broken and the gap between the haves and have-nots is in danger of becoming a chasm," the report adds. The report argues that for many of the poorest people, "work is not worth it" as the financial rewards can be marginal. The report says real average weekly pay growth in the UK has remained stagnant since the 2008 financial crisis, leaving people worse off. The report argues the poorest are hit harder by family breakdown, with a teenager growing up in the poorest 20% of households two-thirds more likely to experience family breakdown than a teenager in the top 20%. Lord King said: "Money is not the only solution to the problem of deprivation.

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