The conservative Prime Minster Winston Churchill said,
The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries.
Winston Churchill, speech in the House of Commons (22 October 1945).
The idea that equality is a good thing is now firmly established under both Labour and Conservative Governments, indeed we have a whole department devoted to achieving equality of outcome.
Churchill points out that equality of outcome is most easily achieved by making everyone poor. Since this is an intrinsic risk of any policy that seeks equal outcomes it is worth asking if it what people actually want.
This brilliant article considers this in depth,
TLDR; people value fairness over equality.