I am grateful that Tax Justice has been created and that we still live in a society where its truths can be disseminated. Here is its latest mailing - but first an image that illustrates the first cycle of austerity this country was compelled to endure between 2010 and 2015 under Cameron, Osborne, and Clegg.
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Dear Rob, The Times Rich List just revealed
how much wealth is concentrated in the hands of a tiny number of people.
Let’s unpack what it showed. Firstly, the number of
billionaires in the UK has increased
from 15 in 1990 to 156 in 2025. Secondly, the scale of their
wealth is comparable to nation states’ economic output: the 350 richest
individuals and families on the Rich List hold
combined wealth of £772.8 billion, more than the GDP of countries like
Belgium, Argentina or Ireland. Thirdly, wealth inequality is
surging: the UK’s 50 richest families hold
more wealth than 50% of the population. Our partners at The Equality
Trust analysed
the rich list and found that billionaires have become ludicrously more
wealthy since the rankings have been published. Their research found that over half of total billionaire wealth comes from property, inheritance and the finance sector – all sources of wealth that significantly contribute |
