Income inequality in the UK ranks eighth among OECD countries. Some of the principal reasons behind this are: ●  There is an increase in part-time work, which has low pay and doesn’t come with union protection; ●  The minimum wage can’t help reduce inequalities since most people on a minimum wage are students, and many of them are not poor; ●  Rising property prices impact young people a lot as larger rental rates are compensating for wage growth; ●  A lot of people are on unemployment benefits; ●  Taxes are increasing at a faster rate than inflation.