Findings from the report the all-party parliamentary group report, 7 Key Truths About Social Mobility confirms that, by the age of just three years old, the "class" of British children is already defined. Also, half of all British children's future prospects will be determined by the circumstances of their parents. The research found that, despite higher education being the top determinant of later opportunities, there are now fewer opportunities for poorer children to access the very highest-achieving institutions. Many top employers will only recruit from top universities, but with just 19 per cent of the "lowest" socio-economic group - compared with 65 per cent of the "highest" socio-economic group - actually going to university, what chance do those born into poverty realistically have? The Sutton Trust found the education gap between disadvantaged and privileged children in the UK was greater than in virtually every other Western country. Just seven per cent of the English population is privately educated. However, within that miniscule seven per cent, one can find 70 per cent of High Court judges, 54 per cent of FTSE-100 chief executives, 51 per cent of top medics, 32 per cent of MPs, and 24 per cent of university vice chancellors. There is no clearer illustration then that the stranglehold of "top jobs" in the UK are dominated by former "public schoolboys".
The UK is run by a group of men who attended independent schools where the annual fees - £31,000 ($48,500) at Eton College, which counts Prime Minister David Cameron among its alumni - are more than the average annual earnings of the British worker (£26,200/$40,850). Sadly, our governing elite will never understand the true meaning of austerity, and their only association with the minimum wage will be reading it in a press release.
Capitalism is responsible for preventing everyone in Britain from getting a fair shot
Barclays was fined a record £290 million for repeatedly distorting basic financial data which are used to set interest rates on millions of loans and other transactions around the world amid claims that his bank’s actions posed a threat to the global market system. The scandal relates to the London Interbank Offered Rate (Libor), the interest rate that banks pay on money they borrow from one another. The Libor rate is one of the basic pieces of information on which trillions of pounds of financial transactions are based. It helps determine the interest rate that is applied to loans, including some mortgages, credit cards and business loans.
Just where are the criminal charges against the individuals involved? Not even being black-balled from their private club. Its the old school tie get out of jail free card being played again.
The UK is run by a group of men who attended independent schools where the annual fees - £31,000 ($48,500) at Eton College, which counts Prime Minister David Cameron among its alumni - are more than the average annual earnings of the British worker (£26,200/$40,850). Sadly, our governing elite will never understand the true meaning of austerity, and their only association with the minimum wage will be reading it in a press release.
Capitalism is responsible for preventing everyone in Britain from getting a fair shot
Barclays was fined a record £290 million for repeatedly distorting basic financial data which are used to set interest rates on millions of loans and other transactions around the world amid claims that his bank’s actions posed a threat to the global market system. The scandal relates to the London Interbank Offered Rate (Libor), the interest rate that banks pay on money they borrow from one another. The Libor rate is one of the basic pieces of information on which trillions of pounds of financial transactions are based. It helps determine the interest rate that is applied to loans, including some mortgages, credit cards and business loans.
Just where are the criminal charges against the individuals involved? Not even being black-balled from their private club. Its the old school tie get out of jail free card being played again.
Too true.... Nice article.
ReplyDelete