The UK’s 350 wealthiest individuals and families now have a combined wealth of £784bn, Sunday Times reports
This year’s rich list is another “smack in the face” for millions of ordinary people battling an ever-worsening cost of living crisis, says Phil White, member of Patriotic Millionaires UK.
White:
The fact the number of billionaires has risen to 157 and their wealth has grown to £784 billion is outrageous, while one in five kids are living in poverty, small businesses are going under, and services are crippled by underinvestment.
Right now, it feels like the Rich List is a running total of everything that is wrong in our society—a handful of people counting obscene amounts of wealth while everyone else scrapes by. It’s blindingly obvious, to anyone paying attention, that we need to do something about this.
Under the Conservatives, the wealthiest were allowed to feather their nests while working people suffered an epidemic of insecure work and the worst pay stagnation in two centuries. Clearly wealth has not trickled down – it has been hoarded by those at the top.
“This isn’t right. With ordinary people struggling to pay the bills, it’s time for billionaires to pay their fair share in tax to protect households and firms from the effects of Donald Trump’s illegal war.
Continue reading…The UK’s 350 wealthiest individuals and families now have a combined wealth of £784bn, Sunday Times reportsThis year’s rich list is another “smack in the face” for millions of ordinary people battling an ever-worsening cost of living crisis, says Phil White, member of Patriotic Millionaires UK.White:The fact the number of billionaires has risen to 157 and their wealth has grown to £784 billion is outrageous, while one in five kids are living in poverty, small businesses are going under, and services are crippled by underinvestment.Right now, it feels like the Rich List is a running total of everything that is wrong in our society—a handful of people counting obscene amounts of wealth while everyone else scrapes by. It’s blindingly obvious, to anyone paying attention, that we need to do something about this.Under the Conservatives, the wealthiest were allowed to feather their nests while working people suffered an epidemic of insecure work and the worst pay stagnation in two centuries. Clearly wealth has not trickled down – it has been hoarded by those at the top.“This isn’t right. With ordinary people struggling to pay the bills, it’s time for billionaires to pay their fair share in tax to protect households and firms from the effects of Donald Trump’s illegal war. Continue reading…
