This document discusses how the wealth of the richest people in Britain increased substantially over the past year, while many ordinary households still struggle with low wages, debt, and poverty. It provides comparisons of what the increased wealth of just the top 100 richest individuals could pay for, such as funding millions of living wage jobs, eliminating fuel poverty for many households, or paying rent for millions of renters. The aim is to highlight growing inequality and suggest alternative uses of wealth that could benefit more people.
Labour ruled the UK for 13 years from 1997-2010 under Tony Blair and Gordon Brown's leadership. During this time, they introduced significant demographic changes through mass immigration without public support and mismanaged the economy. Blair pursued wars in Iraq and Afghanistan and ceded power to advisors and special interests. Brown as Chancellor encouraged reckless spending, failed to regulate banks, and sold off numerous state assets. Their legacy was one of wasted money, economic troubles, and social changes that negatively impacted many communities in the UK.
AmeraTex Energy | The American Oil & Gas Industry Is Rescuing The Obama EconomyAmeraTex Energy Inc
On average, weekly wages have increased 40 percent since 2009. With a 3.3 percent unemployment rate statewide, North Dakota is attracting new residents in droves, and the state’s construction, financial, insurance and real estate sectors all grew significantly in the last year.
Every year the Family and Childcare Trust collects statistics about childcare costs and availability in Britain.
Our data – collected from local authority Family Information Services – makes it possible to monitor changes in childcare costs and supply from year to year.
All our reports are widely used by policymakers and academics in all parts of the UK and beyond.
Professor Jonathan Bradshaw. Poverty and a 21st century welfare system. Invited presentation. Involve Yorkshire & Humber Annual Lecture 2013, Alcuin Research Resource Centre, University of York, York , 29 November 2013.
Paul Burstow: The need for care reform in EnglandNuffield Trust
In this slideshow, Rt Hon Paul Burstow MP, Minister of State for Care Services (2010-2012), explains the need for social care reform in England due to an ageing population and the challenges ahead.
Proposta per a presentar a la Mesa del Congrés dels Diputats la Proposició de...Miqui Mel
Proposta per a presentar a la Mesa del Congrés dels Diputats la Proposició de llei orgànica de delegació a la Generalitat de Catalunya de la competència per a autoritzar, convocar i celebrar un referèndum sobre el futur polític de Catalunya
Font:
Data: 17.01.2014
Labour ruled the UK for 13 years from 1997-2010 under Tony Blair and Gordon Brown's leadership. During this time, they introduced significant demographic changes through mass immigration without public support and mismanaged the economy. Blair pursued wars in Iraq and Afghanistan and ceded power to advisors and special interests. Brown as Chancellor encouraged reckless spending, failed to regulate banks, and sold off numerous state assets. Their legacy was one of wasted money, economic troubles, and social changes that negatively impacted many communities in the UK.
AmeraTex Energy | The American Oil & Gas Industry Is Rescuing The Obama EconomyAmeraTex Energy Inc
On average, weekly wages have increased 40 percent since 2009. With a 3.3 percent unemployment rate statewide, North Dakota is attracting new residents in droves, and the state’s construction, financial, insurance and real estate sectors all grew significantly in the last year.
Every year the Family and Childcare Trust collects statistics about childcare costs and availability in Britain.
Our data – collected from local authority Family Information Services – makes it possible to monitor changes in childcare costs and supply from year to year.
All our reports are widely used by policymakers and academics in all parts of the UK and beyond.
Professor Jonathan Bradshaw. Poverty and a 21st century welfare system. Invited presentation. Involve Yorkshire & Humber Annual Lecture 2013, Alcuin Research Resource Centre, University of York, York , 29 November 2013.
Paul Burstow: The need for care reform in EnglandNuffield Trust
In this slideshow, Rt Hon Paul Burstow MP, Minister of State for Care Services (2010-2012), explains the need for social care reform in England due to an ageing population and the challenges ahead.
Proposta per a presentar a la Mesa del Congrés dels Diputats la Proposició de...Miqui Mel
Proposta per a presentar a la Mesa del Congrés dels Diputats la Proposició de llei orgànica de delegació a la Generalitat de Catalunya de la competència per a autoritzar, convocar i celebrar un referèndum sobre el futur polític de Catalunya
Font:
Data: 17.01.2014
Metodologia i Càlcul de la Balança Fiscal de Catalunya amb l’Administració Ce...Miqui Mel
Metodologia i Càlcul de la Balança Fiscal de Catalunya amb
l’Administració Central 2002-2005
Font: Grup de treball per a l'actualització de la balança fiscal de Catalunya
Data: 2009.
49th Annual Report of The European Free Trade Association 2009Miqui Mel
The document is the 49th Annual Report of the European Free Trade Association (EFTA) for 2009. It summarizes key developments in EFTA, including the signing of free trade agreements with Albania, the Gulf Cooperation Council, and Serbia at EFTA Ministerial meetings. It also notes progress in negotiations with Peru, Ukraine, India, Hong Kong, Indonesia, and other partners. The report discusses activities within the European Economic Area and related to the EEA and Norway Grants. It provides overviews of EFTA's advisory bodies, information activities, and administration.
Language Support for Youth With a Migrant BackgroundMiqui Mel
1) This document summarizes language support policies for immigrant students in Europe. It identifies key elements of effective support such as initial student assessments, induction programs, ongoing language instruction, training for mainstream teachers, and support for students' native languages.
2) The summary provides examples of good practices from Denmark, including language stimulation for young children, welcoming classes for new immigrant students, and requirements for trained teachers of language as a second language.
3) However, the document also notes gaps in implementing good practices, such as lack of monitoring and evaluation, insufficient professional development, and low community involvement. The brief aims to provide recommendations to address immigrant students' linguistic needs.
Political Opinion Barometer - 2nd Wave 2014Miqui Mel
The document is a press report summarizing the results of the 2nd wave of the 2014 Political Opinion Barometer survey conducted in Catalonia. It provides details on the technical specifications of the survey including the sample size of 2,000 respondents and margins of error. It then summarizes the main results of the survey related to confidence in institutions, attitudes toward autonomy and independence for Catalonia, and voting intentions for the Catalan parliament.
This document provides an overview of the impact of government cuts on women's poverty in the UK. It discusses how cuts disproportionately affect women in six key areas as workers, mothers, carers, benefit claimants, users of services, and citizens. It also provides statistics on poverty levels in the UK, including child poverty rates, and discusses issues like fuel poverty, food poverty, and rising utility costs that exacerbate hardship.
1) A recent Oxfam report found that the five richest families in Britain now own more wealth than the poorest 20% of the British population combined.
2) Oxfam is urging the Chancellor George Osborne to use the upcoming budget to make a fresh assault on tax avoidance and introduce policies to help low-income families, such as raising the minimum wage.
3) The report highlights how rising inequality in Britain means that a small number of very wealthy individuals have seen their incomes and assets rise dramatically, while millions of families are struggling financially.
The document discusses options for reforming social care funding in the UK. It notes that the elderly population is growing while funding for social care has decreased in recent years. It considers the option of social insurance funded by general taxation but notes this could increase costs significantly. It also discusses how wealth has become more concentrated among older generations but wealth taxes have remained flat. The Intergenerational Commission proposed a combination of additional public funding from a progressive property tax and bringing housing assets into the means test for social care with protections for those with high care costs.
The Irish bank crisis cost around €57 billion, with €40 billion in direct losses and €17 billion lost from Ireland's National Reserve Fund. Ireland has the second highest level of underemployed workers in the EU at more than 7% and social welfare payments have been cut. Housing costs in Dublin are high, with the average rental being €1,210 while the average retail worker earns only €2,250. Over 130,000 households are on the social housing waiting list and less than 8,500 new houses were built in Ireland last year.
The document outlines alternative economic strategies to the UK coalition government's austerity measures, including reducing military spending, increasing taxes on corporations and the wealthy, bringing banks and oil under public ownership, and providing universal basic services for retirees instead of cutting pensions. It argues the coalition's cuts will have severe negative impacts and that alternative measures could generate revenue to fund socially useful projects and jobs.
The document outlines alternative economic strategies to the UK coalition government's austerity measures, including reducing military spending, increasing taxes on corporations and the wealthy, bringing banks and oil under public ownership, and providing universal basic services for retirees instead of cutting pensions. It argues the coalition's cuts will have severe negative impacts and that alternative measures could generate revenue to fund socially useful projects and jobs.
Presentation by Doreen and Malcolm Henderson at the Devon and Cornwall Quaker Gathering in October 2014 about Truro Foodbank in Cornwall. The presentation and ensuing discussion also explored the poverty and inequality that has given rise to the proliferation of food banks throughout the UK in order to meet the increasing number of working and non working households who are no longer able to meet the basic needs of their families.
The document discusses the economic strategy and impacts of austerity measures by the UK coalition government. It argues that the scale of planned cuts to public services is unrealistic and will disproportionately impact the poor. Significant job losses are predicted as public sector cuts will induce further private sector job losses. The document proposes alternative policies like increasing taxes on corporations and the wealthy, nationalizing banks, and investing in renewable energy to create jobs instead of austerity measures.
In this keynote speech to the Global Green Leaders Summit I explore the need for a robust conversation on how the growing global population and the rise of the middle class in developing countries will have a huge impact on climate change. It is little discussed in terms of what is happening on the ground from an increase in consumer demand, the connection with energy and, dare i say it, food supply. In the speech i call for a more innovative approach to supporting business and industry to innovate, invest, invent and create
Coalition Prime Minister David Cameron pledged to make Britain a truly family friendly country. This pledge created an opportunity for the government to 'family-proof' its new policies, creating conditions that really help families thrive. However, as the 2010 Report Card shows, there is a considerable distance to go before this aspiration can be achieved.
The document discusses the concept of a "Just Transition" to a low-carbon economy. It emerged in the 1970s from environmental, indigenous, and labor activists who saw the need for support strategies for workers who could lose their jobs due to environmental policies. A Just Transition aims to decarbonize the economy without costing workers jobs or harming their livelihoods. It requires a Green New Deal to create millions of green jobs, sectoral transition plans, job training and unions to bargain for workers' rights. Financing comes from a national investment bank and transition funds while nationalizing energy ensures affordable, renewable power for all.
This document discusses several economic indicators used to measure economic output and standards of living, including GDP, real GDP, GNP, per capita GDP, and net factor income. It explains how each indicator is defined and calculated. It also examines some limitations of using GDP to measure economic well-being, such as failing to account for environmental costs, income inequality, and changes in leisure time. The document provides examples to illustrate these limitations from countries around the world. It concludes with a statistics diagram comparing GDP and other economic indicators for several countries.
The 2012 Report Card indicated it is becoming difficult for the Prime Minister to stick to his commitment of creating a society which truly supports family life. The report card highlights that the condition of the economy continues to make life intensely difficult for millions of UK families, who currently face a triple squeeze of tax and benefit changes, high childcare costs and high costs of living.
Metodologia i Càlcul de la Balança Fiscal de Catalunya amb l’Administració Ce...Miqui Mel
Metodologia i Càlcul de la Balança Fiscal de Catalunya amb
l’Administració Central 2002-2005
Font: Grup de treball per a l'actualització de la balança fiscal de Catalunya
Data: 2009.
49th Annual Report of The European Free Trade Association 2009Miqui Mel
The document is the 49th Annual Report of the European Free Trade Association (EFTA) for 2009. It summarizes key developments in EFTA, including the signing of free trade agreements with Albania, the Gulf Cooperation Council, and Serbia at EFTA Ministerial meetings. It also notes progress in negotiations with Peru, Ukraine, India, Hong Kong, Indonesia, and other partners. The report discusses activities within the European Economic Area and related to the EEA and Norway Grants. It provides overviews of EFTA's advisory bodies, information activities, and administration.
Language Support for Youth With a Migrant BackgroundMiqui Mel
1) This document summarizes language support policies for immigrant students in Europe. It identifies key elements of effective support such as initial student assessments, induction programs, ongoing language instruction, training for mainstream teachers, and support for students' native languages.
2) The summary provides examples of good practices from Denmark, including language stimulation for young children, welcoming classes for new immigrant students, and requirements for trained teachers of language as a second language.
3) However, the document also notes gaps in implementing good practices, such as lack of monitoring and evaluation, insufficient professional development, and low community involvement. The brief aims to provide recommendations to address immigrant students' linguistic needs.
Political Opinion Barometer - 2nd Wave 2014Miqui Mel
The document is a press report summarizing the results of the 2nd wave of the 2014 Political Opinion Barometer survey conducted in Catalonia. It provides details on the technical specifications of the survey including the sample size of 2,000 respondents and margins of error. It then summarizes the main results of the survey related to confidence in institutions, attitudes toward autonomy and independence for Catalonia, and voting intentions for the Catalan parliament.
This document provides an overview of the impact of government cuts on women's poverty in the UK. It discusses how cuts disproportionately affect women in six key areas as workers, mothers, carers, benefit claimants, users of services, and citizens. It also provides statistics on poverty levels in the UK, including child poverty rates, and discusses issues like fuel poverty, food poverty, and rising utility costs that exacerbate hardship.
1) A recent Oxfam report found that the five richest families in Britain now own more wealth than the poorest 20% of the British population combined.
2) Oxfam is urging the Chancellor George Osborne to use the upcoming budget to make a fresh assault on tax avoidance and introduce policies to help low-income families, such as raising the minimum wage.
3) The report highlights how rising inequality in Britain means that a small number of very wealthy individuals have seen their incomes and assets rise dramatically, while millions of families are struggling financially.
The document discusses options for reforming social care funding in the UK. It notes that the elderly population is growing while funding for social care has decreased in recent years. It considers the option of social insurance funded by general taxation but notes this could increase costs significantly. It also discusses how wealth has become more concentrated among older generations but wealth taxes have remained flat. The Intergenerational Commission proposed a combination of additional public funding from a progressive property tax and bringing housing assets into the means test for social care with protections for those with high care costs.
The Irish bank crisis cost around €57 billion, with €40 billion in direct losses and €17 billion lost from Ireland's National Reserve Fund. Ireland has the second highest level of underemployed workers in the EU at more than 7% and social welfare payments have been cut. Housing costs in Dublin are high, with the average rental being €1,210 while the average retail worker earns only €2,250. Over 130,000 households are on the social housing waiting list and less than 8,500 new houses were built in Ireland last year.
The document outlines alternative economic strategies to the UK coalition government's austerity measures, including reducing military spending, increasing taxes on corporations and the wealthy, bringing banks and oil under public ownership, and providing universal basic services for retirees instead of cutting pensions. It argues the coalition's cuts will have severe negative impacts and that alternative measures could generate revenue to fund socially useful projects and jobs.
The document outlines alternative economic strategies to the UK coalition government's austerity measures, including reducing military spending, increasing taxes on corporations and the wealthy, bringing banks and oil under public ownership, and providing universal basic services for retirees instead of cutting pensions. It argues the coalition's cuts will have severe negative impacts and that alternative measures could generate revenue to fund socially useful projects and jobs.
Presentation by Doreen and Malcolm Henderson at the Devon and Cornwall Quaker Gathering in October 2014 about Truro Foodbank in Cornwall. The presentation and ensuing discussion also explored the poverty and inequality that has given rise to the proliferation of food banks throughout the UK in order to meet the increasing number of working and non working households who are no longer able to meet the basic needs of their families.
The document discusses the economic strategy and impacts of austerity measures by the UK coalition government. It argues that the scale of planned cuts to public services is unrealistic and will disproportionately impact the poor. Significant job losses are predicted as public sector cuts will induce further private sector job losses. The document proposes alternative policies like increasing taxes on corporations and the wealthy, nationalizing banks, and investing in renewable energy to create jobs instead of austerity measures.
In this keynote speech to the Global Green Leaders Summit I explore the need for a robust conversation on how the growing global population and the rise of the middle class in developing countries will have a huge impact on climate change. It is little discussed in terms of what is happening on the ground from an increase in consumer demand, the connection with energy and, dare i say it, food supply. In the speech i call for a more innovative approach to supporting business and industry to innovate, invest, invent and create
Coalition Prime Minister David Cameron pledged to make Britain a truly family friendly country. This pledge created an opportunity for the government to 'family-proof' its new policies, creating conditions that really help families thrive. However, as the 2010 Report Card shows, there is a considerable distance to go before this aspiration can be achieved.
The document discusses the concept of a "Just Transition" to a low-carbon economy. It emerged in the 1970s from environmental, indigenous, and labor activists who saw the need for support strategies for workers who could lose their jobs due to environmental policies. A Just Transition aims to decarbonize the economy without costing workers jobs or harming their livelihoods. It requires a Green New Deal to create millions of green jobs, sectoral transition plans, job training and unions to bargain for workers' rights. Financing comes from a national investment bank and transition funds while nationalizing energy ensures affordable, renewable power for all.
This document discusses several economic indicators used to measure economic output and standards of living, including GDP, real GDP, GNP, per capita GDP, and net factor income. It explains how each indicator is defined and calculated. It also examines some limitations of using GDP to measure economic well-being, such as failing to account for environmental costs, income inequality, and changes in leisure time. The document provides examples to illustrate these limitations from countries around the world. It concludes with a statistics diagram comparing GDP and other economic indicators for several countries.
The 2012 Report Card indicated it is becoming difficult for the Prime Minister to stick to his commitment of creating a society which truly supports family life. The report card highlights that the condition of the economy continues to make life intensely difficult for millions of UK families, who currently face a triple squeeze of tax and benefit changes, high childcare costs and high costs of living.
The Quality of Care Report was created to discover which UK cities boast the best quality of care for later life. We were able to reveal these statistics by taking a seed list of 25 of the largest UK cities (judged by investment strength) and assessing the quality of care homes in each location.
Aspects such as fees, nursing care, how many care homes there were in each city, the number of homes with excellent ratings, the homes that specialised in dementia care, and more, were considered to produce the final numbers within this report. We also spoke to Customer Success Lead and CQC expert, Mark Harrison, about his thoughts on how the CQC’s new framework is a positive change and best practices to improve the quality of care.
Approaching your twilight years can be a daunting prospect for people for a number of reasons, bringing with it worries about health, money, and achieving goals you set for yourself when you were younger. However, one of the biggest concerns people have about entering later life is the possibility of going into a care home.
There are many care home groups across the UK that boast an excellent reputation when it comes to the quality of care they offer, however, there is still a considerable number where improvements can be made when it comes to standards of practice.
George Osborne highlighted strong UK economic growth in his 2015 Budget speech, emphasizing rising employment. However, critics argue his policies favor the privileged and do little for students and young people struggling with tuition fees, housing costs, and job prospects dominated by short-term contracts. While some measures may boost sectors like alcohol, concerns remain about their impact on social issues like binge drinking.
This document provides information about Wales and the EU from the perspective of answering frequently asked questions. It discusses how Wales benefits financially from EU funding, including receiving over £4 billion for 2007-2013 and £4.9 billion for 2014-2020. It also notes that the UK government would not be able to replace this level of funding if Wales was outside the EU. The document addresses other topics like the impact of EU membership on trade, jobs, the economy and provides counterarguments to claims about issues like EU laws, costs, and migration.
This document discusses the growing inequality between the richest people in the world and everyone else. It argues that while tens of millions face hunger and poverty due to multiple crises, the richest have dramatically increased their wealth. It advocates for higher taxes on billionaires and millionaires to address this inequality. Specifically, it shows that billionaire wealth has increased substantially in recent decades and years. However, taxation rates on the richest have fallen globally over the same period. The document concludes that taxing the wealthy is vital to fighting inequality and helping lift people out of poverty.
This document discusses challenges facing children in low-income families in London across several key areas: housing, childcare, transport, work, health, and education. It notes that 37% of London's children live in poverty, compared to 27% nationally. Housing costs, childcare costs, lack of well-paid flexible jobs, and welfare reforms like the benefits cap have contributed to high child poverty rates. The document makes recommendations for the next Mayor, including establishing a Deputy Mayor role to oversee a pan-London Child Poverty Strategy and annual reporting on child poverty in the capital.
TC vs el Pla Estratègic d'Acció Exterior GenCat - FalloMiqui Mel
El Tribunal Constitucional español dictaminó sobre un recurso de inconstitucionalidad presentado por el Presidente del Gobierno contra la Ley del Parlamento de Cataluña 16/2014 sobre acción exterior y relaciones con la Unión Europea. El Tribunal declaró la inconstitucionalidad de varios artículos de dicha ley al considerar que invaden competencias exclusivas del Estado en materia de relaciones internacionales y de coordinación de la acción exterior.
TC vs el Pla Estratègic d'Acció Exterior GenCatMiqui Mel
EL PLENO DEL TC DECLARA INCONSTITUCIONAL PARTE DEL PLAN ESTRATÉGICO DE ACCIÓN EXTERIOR Y DE RELACIONES CON LA UNIÓN EUROPEA 2019-2020 APROBADO POR EL GOBIERNO DE CATALUÑA
Political Opinion Barometer Catalonia - 3rd Wave 2015Miqui Mel
This document provides the technical specifications and main results of the 3rd wave of 2015 of the Political Opinion Barometer survey conducted in Catalonia. It details the sample size of 2,000 interviews, methodology used, margins of error, and key findings. The main results show that 65% of respondents believe Catalonia has an insufficient level of autonomy, 41.1% believe it should be an independent state, and 46.7% want Catalonia to become an independent state.
Economic effects of a potential secession of Catalonia from Spain and paths f...Miqui Mel
Scenarios of Macro-economic Development for Catalonia on Horizon 2030: Economic effects of a potential secession of Catalonia from Spain and paths for integration with the EU
Source: CEPS & CIDOB
Date: July 2015.
Political Opinion Barometer - CEO (July 2015)Miqui Mel
This document provides technical specifications and main results from a political opinion barometer survey conducted in Catalonia, Spain. It details the survey methodology, including a sample size of 2,000 respondents stratified across Catalonia's four provinces. Key findings summarized include that over 50% of respondents feel Catalonia does not receive fair treatment from the Spanish government, and around 42-43% of respondents want Catalonia to become an independent state.
Essential Tools for Modern PR Business .pptxPragencyuk
Discover the essential tools and strategies for modern PR business success. Learn how to craft compelling news releases, leverage press release sites and news wires, stay updated with PR news, and integrate effective PR practices to enhance your brand's visibility and credibility. Elevate your PR efforts with our comprehensive guide.
El Puerto de Algeciras continúa un año más como el más eficiente del continente europeo y vuelve a situarse en el “top ten” mundial, según el informe The Container Port Performance Index 2023 (CPPI), elaborado por el Banco Mundial y la consultora S&P Global.
El informe CPPI utiliza dos enfoques metodológicos diferentes para calcular la clasificación del índice: uno administrativo o técnico y otro estadístico, basado en análisis factorial (FA). Según los autores, esta dualidad pretende asegurar una clasificación que refleje con precisión el rendimiento real del puerto, a la vez que sea estadísticamente sólida. En esta edición del informe CPPI 2023, se han empleado los mismos enfoques metodológicos y se ha aplicado un método de agregación de clasificaciones para combinar los resultados de ambos enfoques y obtener una clasificación agregada.
An astonishing, first-of-its-kind, report by the NYT assessing damage in Ukraine. Even if the war ends tomorrow, in many places there will be nothing to go back to.
Here is Gabe Whitley's response to my defamation lawsuit for him calling me a rapist and perjurer in court documents.
You have to read it to believe it, but after you read it, you won't believe it. And I included eight examples of defamatory statements/
Acolyte Episodes review (TV series) The Acolyte. Learn about the influence of the program on the Star Wars world, as well as new characters and story twists.
2. 2 Wealth Tracker 2014
Wealth in Britain
In the last year the 100 richest people in Britain saw their wealth increase by £40.1 billion to
a colossal £297.133 billion. The ten richest people alone saw their wealth increase by £3.1
billion. This means that just one hundred people now have as much wealth as the poorest
30% of households. According to new statistics from the ONS, the richest 1% of households
in the UK now holds more wealth than over half of the population.
Many justifications are made for the extraordinary increase in the wealth of the richest: it is
said that they create wealth for others through their entrepreneurialism, they provide jobs,
they are exceptionally productive and so forth. In short, they’re worth it. But is this really
true? Can 100 people really have as much financial value as almost 19 million people?
The UK is now one of the world’s most economically unequal developed countries. The
negative effect of this inequality on our mental and physical health is well documented. But
more recently, inequality has been cited by an increasing number of academics and
economists as a key reason for financial volatility and poor economic growth.
This year’s Equality Trust Wealth Tracker is the first of what will be an annual report. Its aim
is to make sense of the huge increase in wealth of the richest in society by providing
comparisons with recognisable household items and bills. In doing so it will also highlight
what the equivalent financial value of this wealth might provide if it was used in a more
equitable way.
3. 3
Britain’s Richest in Numbers
How has wealth changed?
The wealth of the richest 1000 people in Britain is £519 billion. This is more than the
combined wealth of the poorest 40% of UK households1
(£452 billion)
The wealth of the 100 richest people in Britain is now £297.133 billion, an increase of £40.1
billion in the last year. This is an increase of:
15.6 per cent, or
£1,272 per second, or
£109.95 million per day.
The richest 10 people saw their wealth increase by £3.1 billion to a total of £96.6 billion.
What is this wealth equivalent to?
The total wealth of the 100 richest people:
Is significantly more than the wealth of the poorest 30 per cent of households (£188.6
billion), or around 18.9 million people.
Is equivalent to the value of 1,174,438 houses at the average UK cost of £253,000 or
648,762 homes in London at an average London price of £458,000 each2
.
1
http://www.ons.gov.uk/ons/rel/was/wealth-in-great-britain-wave-3/2010-2012/report--chapter-2--total-wealth.html
2
http://www.ons.gov.uk/ons/dcp171778_359611.pdf
4. 4 Wealth Tracker 2014
What could last year’s increase in wealth for Britain’s 100
richest people pay for?
The increase in wealth of the richest 100 people in Britain last year was £40.1 billion. This
could:
Low pay and unemployment
Pay for 2.76 million Living Wage jobs for a year3
, or 1.83 million jobs paid at an average
salary4
. Cost = £40.06 billion or £40.09 billion OR
Elevate all 1.386 million National Minimum Wage jobs to Living Wage jobs
Cost = £3.52 billion
The UK has a higher proportion of low-skilled jobs than any other country in the OECD,
except Spain5
with one in five workers classified as low paid. Furthermore, the Low Pay
Commission estimates that there are now 1,386,000 minimum wage jobs. With rents rising
and household bills going through the roof, many of these jobs simply pay too little to afford
basic necessities. However, if the increase in the wealth of the richest 100 people in Britain
last year was used differently, it could provide 2.76 million Living Wage jobs.
Food poverty
Pay 14 years of grocery bills for all of the UK’s users of food banks6
.
The rise of food poverty has become a defining issue in recent months. According to
research by the Trussell Trust7
, over 900,000 adults and children have received three days’
emergency food and support from Trussell Trust food-banks in the last 12 months, a
shocking 163 per cent rise on numbers helped in the previous financial year. The ONS
estimates that the average weekly food shop costs £56.80. If the increase in the wealth of
the richest 100 people last year was used differently, it could pay the grocery bill of every
current user of a food bank for seven years.
3
Based on Living Wage workers working a 37.5hr week, with zero pay for bank holidays
4
http://www.ons.gov.uk/ons/rel/ashe/annual-survey-of-hours-and-earnings/2013-provisional-results/stb-ashe-statistical-bulletin-
2013.html - this does not include NI and pension contributions
5
Skills Outlook 2013, OECD, 2013
6
According to the Trussell Trust there are 913,138 users of food banks. Based on an average annual food shop of £2,954 the
cost of paying an annual grocery bill (£56.80 x 52), for those using food banks is £2,697,409,652.
7
http://www.trusselltrust.org/foodbank-figures-top-900000
5. 5
Fuel poverty
The increase in wealth of the richest 100 people in Britain last year could:
Pay the energy bill8
for all 26.4 million UK households9
for over a year (13 months.)
Cost = £40.1 billion OR
Pay off the current fuel poverty gap of £1.05 billion. This would effectively lift 2.39 million
households out of fuel poverty10
. Cost = £1.05 billion
In recent years energy bills have rocketed. According to the ONS11
, the average household
spend on energy increased 55% from 2002-2012, after accounting for inflation. In 2002
households spent just 3.3% of their income on energy, but this rose to 5.1% by 201212
, with
the poorest fifth of households spending 11% of their household income on energy costs.
The average annual dual-fuel bill - covering gas and electricity - is now £1,315 per
household, according to Ofgem13
, which has also warned prices may go up significantly
further by 2016.
These increases have left many struggling to pay their bills, or forced to choose between
food and fuel, the so-called ‘heat or eat’ conundrum. Government figures now estimate that
2.39 million households are living in fuel poverty, that is, households with above average
energy costs who if they were to spend that amount, would be left with a residual income
below the official poverty line.
However, if the increase in the wealth of the richest 100 people last year was used
differently, it could lift every person out of fuel poverty quite easily. In fact, it could pay the
energy bill of all 26.4 million UK households14
for over a year (13 months.)
8
Dual fuel bill: https://www.ofgem.gov.uk/ofgem-publications/83279/smiupdate18-09-2013.pdf
9
http://www.ons.gov.uk/ons/rel/family-demography/families-and-households/2013/stb-families.html
10
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/226985/fuel_poverty_report_2013.pdf
11
http://www.ons.gov.uk/ons/rel/household-income/expenditure-on-household-fuels/2002---2012/full-report--household-energy-
spending-in-the-uk--2002--2012.html
12
http://www.ons.gov.uk/ons/rel/household-income/expenditure-on-household-fuels/2002---2012/full-report--household-energy-
spending-in-the-uk--2002--2012.html
13
https://www.ofgem.gov.uk/ofgem-publications/83279/smiupdate18-09-2013.pdf
14
http://www.ons.gov.uk/ons/rel/family-demography/families-and-households/2013/stb-families.html
6. 6 Wealth Tracker 2014
Child poverty and debt
The increase in wealth of the richest 100 people in Britain last year could:
Lift 2.4 million children living in families out of problem debt15
.
Cost = £4.8 billion OR
Provide eighteen times the value of annual loans provided by the payday lending
industry.16
Cost = £39.6 billion
Child poverty remains an emotive issue, and a cause of concern for many people. There are
now an estimated 3.5 million children living in poverty in the UK17
, or more than one in four
children. In some areas this is far higher; 100 local wards experience between 50 and 70%
of children growing up in poverty. For a rich country such as the UK, these are damning
figures.
Just as concerning, a recent report from the Children’s Society found that 1.4 million
households across the UK, containing 2.4 million dependent children, are in arrears on at
least one household bill or credit commitment. This equates to a total of £4.8 billion in
arrears. The increase in wealth of the richest 100 people last year could pay off this debt
eight times over (£38.4 billion) with change to spare.
The rise of pay-day lenders, many of which charge extremely high interest rates on loans, is
often criticised as a cause of rising household debt. In the year 2012-13 the pay-day loans
industry provided an estimated £2.2 billion in loans. The increase in wealth of the 100 richest
people last year could provide eighteen times this figure, at a cost of £39.6 billion.
15
Families with children are £4.8bn in debt:
http://www.childrenssociety.org.uk/sites/default/files/debt_trap_report_may_2014.pdf p11
16
The payday loans industry provided £2.2bn in loans in the year 2012/13:
(http://www.ippr.org/assets/media/publications/pdf/Jumping-the-shark_Apr2014.pdf p7)
17
http://www.cpag.org.uk/child-poverty-facts-and-figures#footnote3_l610l77
7. 7
Housing crisis
The increase in wealth of the richest 100 people in Britain last year could:
Pay a year’s rent for nearly half of all renting households, or 4.05 million people18
.
Cost = £40.04 billion OR
Buy houses for all homeless people living in London19
.
Cost = £2.95 billion
Perhaps one of the starkest challenges facing ordinary people is the huge increase in
housing costs in recent years. House prices continue to spiral to bewildering levels, with
concerns over a housing bubble spreading. A recent report from Shelter estimates that
average house prices would be over £900,000 by 2034 if current trends continue – a
quadrupling of current prices20
. This is in stark contrast to the moderately increasing,
stagnating, or even falling wages of many people.
For the huge number of people who rent, the news is no better. The average rent last year
went up by 7%21
, far and away above the increase in wages seen by most. According to
Home Let the average cost of renting a home is now £848 per month.
The increase in wealth of the richest 100 people could pay a year’s rent for almost half of all
renting households in the UK, or 4.05 million people.
18
The average annual rent is £824 x 12 = £9,888. http://homelet.co.uk/homelet-rental-index There are 8.3 million households
that rent http://www.ons.gov.uk/ons/rel/census/2011-census/detailed-characteristics-on-housing-for-local-authorities-in-
england-and-wales/short-story-on-detailed-characteristics.html
19
http://www.crisis.org.uk/data/files/publications/Crisis%20homelessness%20briefing%20March%202014.pdf
20
http://england.shelter.org.uk/news/may_2014/house_prices_could_quadruple_if_we_dont_act,_warn_kpmg_and_shelter
21
http://homelet.co.uk/homelet-rental-index/
8. 8 Wealth Tracker 2014
Methodology
1. All estimates of wealth of the 100 richest people are based on those published in the
Sunday Times Rich List 2014. The 100 richest in Britain, according to The Sunday Times
Rich List, are worth £297.133 billion.
http://features.thesundaytimes.co.uk/richlist/2014/live/richlist/view/group98/1/rank/#list
The measurement of UK household wealth can be found here -
http://www.ons.gov.uk/ons/rel/was/wealth-in-great-britain-wave-3/2010-2012/report--
chapter-2--total-wealth.html
2. Each year there are new entrants to the Sunday Times Rich List, and those that leave.
As such, our comparisons do not measure the wealth of 100 specific individuals one year
compared to the same individuals’ wealth the following year. Instead, we look at how the
wealth held by the group comprising the richest 100 people compares to the wealth held
the following year by that year’s group of 100 richest people.