Rich pickings under Labour

From The Observer this morning…

The rich have prospered under New Labour, and the top 10 per cent of adults now take home 40 per cent of the all the income earned in Britain, according to new analysis by the authoritative Institute for Fiscal Studies.

Despite a battery of redistributive policies enacted by Gordon Brown in his decade as Chancellor to boost the incomes of the poorest in society, the bumper sums earned in the City as the equity markets boomed have helped to keep those at the top moving ahead…

Hmm… I bet they will do even better under Cameron.