Budget 2016: Wealth of super rich soars as the worst-off lose out, report says

Analysis shows richest 1% of Britons have received more than a quarter of the £4trn increase in national wealth since 2000

The super-rich have seen their wealth soar since the turn of the century while the worst-off have lost out, research has found, adding weight to calls for George Osborne to delay higher-rate tax cuts and target spare cash towards families on lower incomes.

In advance of Wednesday’s Budget, analysis by Oxfam reveals that the richest 1 per cent of Britons, a group solely comprising millionaires, have received more than a quarter of the £4trn increase in national wealth since 2000.

More at:  http://www.independent.co.uk/news/uk/politics/budget-2016-wealth-of-super-rich-soars-as-the-worst-off-lose-out-report-says-a6929341.html



We need a revolutation, and the sooner the better.