A graphic from nef, who have been hosting a conference on inequality at the British Library this week. The 99% thing doesn’t apply to everything, but it’s visible in the property market. It’s also getting worse at the moment, as the percentage of people who own their own home has fallen since the financial crisis. Private renting fell from 20% in the 1970s to around 10% by the early 90s, and has now crept back up to 15% since 2008.
Making Britain a nation of homeowners was of course a key idea of Thatcher’s government, so doing something about that 30% of people who own no property at all ought to be right up our coalition government’s street.