Income
inequality has a "statistically significant impact" on economic
growth, according to research by the Organisation for Economic Co-operation and
Development (OECD).
In
the UK, rising inequality cost the economy almost nine percentage points of GDP
growth between 1990 and 2010, the think tank said.
The
US lost almost seven points.
The
OECD also found that redistribution of wealth via taxes and benefits does not
