Trickle down economics disproven? Rise in property millionaires are the evidence.
Currently wages are not rising at the same rate as inflation, with extortionate energy bills and increasing in grocery shop prices – the youth are struggling. However, companies are predicting this could lead to a more than 2.7 per cent pay fall, greater than that of 1991. One in Forty-Two homes are worth £1 million in the U.K. There is great controversy over the idea that a free market with little to no regulation will allow wealth to trickle down to everyone in the economy. The number of people renting will exponentially increase as it did 30 years ago, as for many homes are still unaffordable.
What do you believe should be done?