11:59

MP Steve Baker is now asking the OBR about the “striking increase” in pay among the UK’s top earners.

There are 31,000 people in the top 0.1% income bracket in Britain, accounting for 8% of all PAYE income tax and national insurance receipts in 2017-18.

Bean says that while the reason behind the rise in pay inequality is unclear, the trend is an international one, with top earners enjoying the strongest income growth.

Bean says it’s particularly the case in the US.