Titlebook: Understanding the UK Economy; Peter Curwen Textbook 1997Latest edition Macmillan Publishers Limited 1997 competition policy.economic polic

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The Labour Market,uitable for the future. However, interest in the topic tends to ebb and flow, with surges in interest usually triggered by the unearthing of some piece of evidence to the effect that the UK is either falling further behind, or failing to catch up with, its competitors (see, for, example, ‘uproar ove

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Welfare I: Income and Wealth Inequality,be informed by the way in which aggregate income is shared among its constituent members rather than by the size of the total itself. Following the reforms to the ‘Welfare State’ introduced by the Conservative government in the mid-1980s, a different Conservative cabinet embarked on a comprehensive

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Welfare II: Poverty and Income Maintenance,as made of the comparison between . in the distribution. We turn now in more detail to this question of extremes as we consider poverty as a manifestation of inequality. However, while ‘poverty’ is indeed a reflection of ‘inequality’, the two concepts are quite separate and have different meanings.