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'GradyWhen I look at my daughter, who's 24, she is much more confident than I ever was and her expectations are higher. But I worry that there is a backlash brewing against progress on equality.
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 worry that some politicians still think we are living in the 1950s where the man is the main breadwinner and the woman works for pin money. Actually, most families where there are two parents depend on two incomes to get by.
Frances O'Grady