UK’s six wealthiest billionaires control as much wealth as 13 million poorest

UK’s six wealthiest billionaires control as much wealth as 13 million poorest


 The UK’s six wealthiest billionaires control as much wealth as the poorest 13 million people, a new study has revealed  Just six people – from four families – have a combined fortune of £39.4bn, roughly the same as the combined wealth of 13 2 million people in Britain.  Indian brothers Gopichand and Srichand Hinduja control a £12 8 billion fortune between them.  Just behind them is chemicals company boss Sir Jim Ratcliffe, who was reportedly planning to relocate to Monaco to avoid £4bn in tax – and is worth £9 2 billion.  Hedge fund manager Michael Platt has an estimated £6.1bn.  And property developers David and Simon Reuben are worth an estimated £5 7bn each.  The analysis by the Equality Trust used the wealth estimates of Forbes and Credit Suisse to compile their top six   Laura Pidcock, Labour ’s Shadow Employment Rights Secretary, said: “Extreme wealth inequality like this is a sign of a sick economy ”  She added: “The Tories are handing out tens of billions in tax giveaways to the wealthiest few and big business, while millions are living in poverty, schools are begging parents for funds and a record number of families are turning to foodbanks to feed themselves   “ Boris Johnson is in bed with the billionaires – the Labour Party is on your side Our country needs real change, where wealth and power are in the hands of the many, not the few ”  Dr Wanda Wyporska, Executive Director of The Equality Trust said: “This report should shock anyone who cares about the state of the UK today Such a huge gap between the very rich and the vast majority of the country is dangerous  “Such extreme wealth in the hands of so few people demonstrates just how broken the economic system is  “Behind the numbers, the UK’s extreme inequality is the story of Ferraris and foodbanks  “Families across the country are working for their poverty and unable to promise their children a better, secure future  “The rich live longer and their children get the best education, the best jobs and a leg up on the housing ladder ”  She added: “The UK’s economy delivers billions for a few and poverty for millions Destitution is the sad reality for millions this Christmas.  “Such dangerous inequality is not inevitable Tackling inequality is not just the morally right thing to do, but it is also economic common sense, as the IMF and so many others have shown  “The UK Government has committed to reducing inequality as UN Sustainable Development Goal number 10, and it must be a priority of every political party in this election ”

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