Sir Angus said "people getting rich is a good thing" but not if it meant "enriching the few at the expense of the many".
- Report author Sir Angus Deaton: Nobel laureate expert on poverty
- Middle classes losing out to ultra rich
- Half of children born into families renting
- British Gas boss gets 44% pay rise after 'challenging year'
- A third of millennials face renting their entire lives
At the outset of this review, the IFS has published indicators of inequality - such as the average chief executive of a FTSE 100 company now earning 145 times the average salary, up from 47 times in 1998.
It suggests pay inequality in the UK is high by international standards - with the share of household income going to the richest 1% having tripled in the past three decades.
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