Birmingham University has announced the launch of a Policy Commission on the Distribution of Wealth. The Commission, chaired by David Urquhart (Bishop of Birmingham), will review existing knowledge about the distribution of personal wealth across different groups in society.
The Commission will focus on three particular kinds of personal wealth: pensions; housing/property; and financial savings/investments. It will consider whether the outcomes of wealth inequality cause socio-economic problems and social divisions, or whether there are advantages to an unequal distribution of wealth – for example, in creating incentives for entrepreneurs or others to create economic growth.
Finally, the Commission will move on to consider policy options, such as how to spread opportunities to accumulate wealth; how to redistribute wealth; and how to mitigate any negative impacts of wealth inequality.