Sarah O’Connor reports from the FT:
Pay inequality has lessened in the UK during the past three years because the real wages of highly paid employees have fallen more steeply than those in low-paid jobs.
While there is concern about high levels of income inequality in the UK, analysis by the Institute for Fiscal Studies think-tank suggests the squeeze on wages has been more acute at the top than the bottom. It also shows that men have fared worse than women and the young worse than the old.
The full story is here.