Millions of people ‘receiving less than their fair share’, Archbishop Justin Welby warns

Rt Rev Justin Welby also warned of a “widening gulf between rich and poor” as he called for fairness to be put “at the heart of the economy”.

His comments accompany a new report which calls for radical changes, including a higher minimum wage.

Archbishop Justin said: “For decades, the UK economy has not worked as it should, with millions of people and many parts of the country receiving less than their fair share.

“The widening gulf between rich and poor, and fears about the future among young people and their parents, have damaged our nation’s sense of itself.

“Our report shows that it doesn’t have to be like this.”

The document, published by a commission created two years ago by the Institute for Public Policy Research (IPPR), urges a new ten-year reform plan which includes higher levels of public investment.

Among the more than 70 recommendations, it also suggests raising corporation tax, a new National Investment Bank, and having workers join company boards.

Archbishop Justin added: “By putting fairness at the heart of the economy, we can make it perform better, improving the lives of millions of people.

“Achieving prosperity and justice together is not only a moral imperative – it is an economic one.”

The document, which is also backed by the TUC union and economists, warns that living standards have stagnated for…