We suspect that Oxfam might want to think a little bit more about this part of their report today:
Research carried out for Oxfam by the London School of Economics, to be published later this year, shows empirical evidence that poverty rates tend to be higher when inequality is higher and increases in income inequality are associated with increases in income poverty rates.
Err, yes, we suppose so.
Poverty in the UK is a relative measure. Less than 60% of median household income adjusted for household size (and often after housing costs). This is a measure of inequality, not one of poverty.
Thus the actual information content of that coming report is that increasing inequality increases inequality.
Err, yes, we suppose so really.