This video is called Poverty hits British families.
By Will Stone in Britain:
Boom for rich as we go bust
Sunday 29 April 2012
Britain’s richest 1,000 people calmly raked in record profits last year, booming to a combined wealth of £414 billion while the rest of the country endures the wage freezes and redundancies of recession.
And the cost of an entry ticket to the exclusive club rose again – if you don’t have £72 million you aren’t getting in.
The 2012 rich list released on Sunday, which campaigners said “lays bare stark levels of inequality” in the country, shows a rising number of billionaires, up to 77 from the previous high of 75 in 2008.
The asset total represents a 4.7 per cent rise on last year and surpasses the previous high of £412.85bn, reached just months before the 2008 financial crash.
Meanwhile Britain is experiencing record levels of unemployment and a double-dip recession that Labour leader Ed Miliband said has been caused by the government’s “catastrophic” economic policies.
A spokeswoman for campaign group UK Uncut commented: “This year’s rich list lays bare the stark levels of inequality in Britain.
“While the rich are wealthier than ever there are record levels of unemployment and a double-dip recession caused by government austerity measures.
“The government need to find alternatives to its cuts-obsessed agenda. There should more transparency in the levels of tax paid by these billionaires and tougher measures to clamp down on tax avoidance.”
She added that the rich have a duty to put more of their new-found wealth to good causes.
Conservative Party donor Lakshmi Mittal tops the list with a personal wealth of £12.7bn. The steel magnate, whose non-dom status means he doesn’t pay tax on his main overseas holdings, has been Britain’s richest man since 2005.
Chelsea FC owner Roman Abramovich (also a non-dom) came third with £9.5bn.
The richest woman in Britain is former Miss UK Kirsty Bertarelli who shares a £7.4bn fortune with her husband Ernesto.
See also here.
This year’s annual Sunday Times Rich List reveals that the wealth of the super-rich in Britain has grown by 4.7 percent, to reach a new high of more than £414 billion: here.
Bosses enjoyed a 15 per cent pay rise last year as ordinary workers continue to suffer real-term pay cuts, researched revealed today: here.
On average, high earners have a very different idea of what makes a just society: here.
Elderly people living in the poorest places get ill up to 15 years earlier than those in wealthy areas, a study shows: here.
Britain faces worst recession since 1930s: here.
The latest Sunday Times Rich List recorded a massive increase in wealth for the super-rich in the United Kingdom: here.
“There Are Marxists in India?”: Economist Prabhat Patnaik on the Global Crisis: here.
- Austerity, but not for billionaires (dearkitty1.wordpress.com)
- Other UK business news: Rich getting richer ‘good for job creation and tax’ (birminghampost.net)
- Need to Read: Forbes Rich List: Anger at the few or winners at the top and bottom? (walesonline.co.uk)
- Britain’s Super-Rich Just Keep Getting Richer (dprogram.net)
- British government against women (dearkitty1.wordpress.com)
- ‘Squeezed middle’ is too cuddly a term for the harm done to British wages | Ian Jack (guardian.co.uk)
- Prentis unleashes pre-Budget blast (morningstaronline.co.uk)
- The myth of the selfish poor (morningstaronline.co.uk)
- Rant: The Government (funnymonkeydan13.wordpress.com)
- Margaret Thatcher dies, reactions (dearkitty1.wordpress.com)