Read Vince Cable's full speech to the Resolution Foundation on Inequality here:
Inequality - Resolution Foundation
Politicians talk at length about fairness and unfairness. Verbal confetti. Bland. Something almost everyone can relate to emotionally. And it can be defined in so many different ways that it can be applied in almost every situation, for about every audience. Inequality narrows the subject down a bit but, again, has a wide range of definitions and meanings.
Putting aside the health warnings and the academic qualifications there is however, in the UK in 2017, something stirring around the idea of inequality: something new and worrying. It starts from the observation, or the belief, that inequalities of income, wealth and opportunity, between classes, regions and generations, are getting worse; that Britain is becoming relatively as well as absolutely unequal when we look at comparable countries, especially in Europe; and that this inequality is not merely offensive to the sensibilities of progressive minded folk but is doing serious damage to the wider society and economy.
Sometimes an event crystallises this feeling. The Grenfell Tower disaster wasn't just a horrific accident with a large loss of life but illustrates in a graphic way that relatively poor people were not listened to by those in authority and attracted a casual approach to life threatening risk. And close by geographically, but light years away socially and economically, lived London's super-rich.