Top earners 'do best from recovery'


Man with wallet full of dollars

The highest earners have been the biggest winners from the economic recovery so far, according to figures compiled for Labour.

Analysis by the House of Commons Library found the top 1% - around 300,000 people - increased their share of national after-tax income from 8.2% in 2012-13 to 9.8% last year.

Meanwhile, the bottom 90% - some 27 million people - saw their share fall from 71.3% to 70.4%.

Shadow chief secretary to the Treasury Chris Leslie said the analysis - based on data from HM Revenue & Customs - showed ordinary workers were being "left behind".

"David Cameron and George Osborne are trying to claim the cost-of-living crisis is over, but these official figures expose what's really happening under the Tories," he said.

"With the help of a huge tax cut from this government the very richest are feeling a recovery, but everyone else is being left behind as growth finally returns.

"What we need is a recovery for the many, not just a few at the top.

"That's why we need to reform our economy to mend the broken link between the wealth of the nation and the living standards of hardworking Britain.

"The Conservatives are so out of touch they don't even understand there's a problem."

10 best-paid jobs

10 best-paid jobs