Britain’s richest are even better-off – but how did they get that way?

This shows how the Tories and Lib Dems have transferred wealth from the poor to the extremely rich as part of their plans to turn Britain into a low tax state with little rights for workers like America. As for the Sunday Times’ Rich List, I’ve always been highly suspicious of that, not because I don’t believe it tells the truth, but because it always struck me as extremely vulgar. There’s a touch of Harry Enfield’s ‘Loadsamoney’ character about it, in that you are asked to admire these people not because of their achievements, but simply because they’re rich and you’re not.

Mike Sivier's blog

inflation

The Sunday Times Rich List has confirmed what some of us have been saying for years – that Austerity has funnelled Britain’s money into the hands of a very few, very selfish people.

The 1,000 richest Britons now own one-third of the nation’s gross domestic product, with their combined wealth rising from last year’s total of £449,654,000,000 to £518,975,000,000.

That’s an increase of 15.4 per cent, an average rise of £69,321,000 each and an average income of 518,975,000.

Average wages in the UK are stagnant at around £26,500, with average pay for the lowest earners having fallen by 14 per cent since David Cameron’s Tory government got its nose in the trough in 2010.

There are only two points to make from this.

Firstly, bearing in mind Gary Barlow’s recent appearances in the news for taking part in a tax avoidance scheme: How many of these 1,000 very rich people…

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