Super rich ‘hoovering up Britain’s wealth,’ says Labour’s Trickett
LABOUR’s Jon Trickett slammed the Sunday Times Rich List super-elite today for “hoovering up” the country’s wealth while the majority of the population suffers.
In a speech at the Institute for Public Policy Research (IPPR), the shadow Cabinet Office minister argued that the list “exposes a warped system in which a super-rich elite run rings around the rest of us.”
He accused the super-rich of leading parasitical lifestyles on the backs of poorer people, with the Tory government unwilling to rectify the inequalities as it is funded by these people through donations.
Mr Trickett said: “The wealth of the richest 1,000 people has gone up by £66 billion in the last year and more than doubled in real terms since 2009.
“At the same time, ordinary people’s wages are lower than before the financial crisis. Our bills, debts and rent go up and our public services are cut.
“This is no coincidence. The economy has been turned into a giant hoover, sucking wealth out of the pockets of ordinary people into the often offshore bank accounts of the super-elite.
“The real reason our once proud and prosperous towns are feeling let down and disrespected is because they are by a self-interested super-elite and their rigged economic and political system.
“Britain can no longer afford to support this super-rich class, but the Tories can’t do anything about it because this super-elite has bought the Conservative Party with its donations.”
The annual Rich List calculates the fortunes of the wealthiest people who live or work in Britain.
The wealth of those on 2018 list tots up to £724bn, up by more than 10 per cent on last year’s figure of £658bn. In 2009 it was was £258bn.
Businessman Jim Ratcliffe topped the 2018 list with £21.05bn to his name. His chemical and fracking firm Ineos is currently in a legal battle with the Scottish government over drilling there. His wealth has soared by £15bn in the past year.
Tax-avoiding retail magnate Sir Philip Green’s estimated wealth fell by £787 million to £2bn.
There are only 141 women in the 1,000 names, with Charlene de Carvalho-Heineken of the brewing firm ranked highest at number six.