Lord Davies of Oldham
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Economic and Social Inequality
Lord Davies of Oldham Excerpts
Thursday 18th June 2015
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(9 years ago)
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Lord Davies of Oldham (Lab)
My Lords, my noble friend Lord Howarth mentioned the IMF report. The report rejects the trickle-down effect, rejects the idea that increased inequality makes economies more dynamic and counsels that the best way to stimulate economies is to support the worst-off 20% in any country, and—wait for it—the other aspect would be to increase the strength of trade unions. What is the ministerial response to this report?
