Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0% balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.
Frances O'GradyI want a society that provides decent jobs for those who can work and decent security for those can't.
Frances O'GradyWith real wages still falling for many, people are increasingly being forced to use their credit cards, their dwindling savings, or take out payday or doorstep loans if they need to buy anything beyond the most everyday of items.
Frances O'GradyI'd be happy to have regular face-to-face meetings at Downing Street with David Cameron to argue the case for alternative economic policies.
Frances O'Grady