The Ca se for Conser vatism - Rebuilding our economy, restoring our

The challenges of the next decade and beyond are not those of the beginning of the twenty-first century. [...] This report lays the intellectual foundation of the commission, identifying the sources of the present discontents and offering a set of principles for addressing them, drawing on the conservative canon of thought. [...] The percentage of total wealth owned by the bottom half of the income distribution has not moved significantly since the mid-1920s; the real change has happened in the accumulation of wealth within the top 10%; the top decile owned less than 30% of the wealth in 1980 and it has been on an upwards trend The Case for Conservatism 24 Gini coefficient SVK CZE DNK FIN AUT HUN HRV CAN NLD EST CHE AUS ES. [...] Part of the picture here is the rapid inflation of asset prices leading to the entrenchment of accrued wealth.23 This compounds the reality of stagnant real pay, reflective of the UK’s poor productivity. [...] The Case for Conservatism 42 Income growth, 1988-2008 Alan Manning of the London School of Economics has written about the growth impact of immigration to the UK, noting that “most of the benefits go to the migrants themselves”, admitting that the reason to support large-scale immigration is due to the benefits for migrants moving from poorer countries, not because of the benefits to the domestic.