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 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'GradyThere are lots of small businesses in Britain that have a pretty tough time but many of them are also parts of supply chains, the leave side roll out JCB but that's one company, all the experts are saying the economy would take a big hit if we came out of the EU.
Frances O'GradyAs long as the number one worry for people, keeping them up at nights, is whether they're going to have a job in the morning, then they are less likely to resist unfair changes, or unfair treatment, or cuts in real pay at work.
Frances O'GradyGovernments of all stripes want to deliver growth and rebalance their economies now that they have learned the hard way that, left to their own devices, markets pick expensive banking losers.
Frances O'Grady