Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/622/9451

From The Socialist newspaper, 27 April 2010

Filthy rich get richer

THE ANNUAL Sunday Times rich list was published on 25 April. It shows that at a time when we are all being told to prepare for 'tough times ahead' and massive cuts in services, public spending and welfare benefits the richest people in Britain have seen a record boom in their wealth over the past year. Their fortunes have soared by 30%.

Craig Johnston, RMT national executive member - and Trade Unionist and Socialist Candidate (TUSC) in Yewdale Ward, Carlisle

According to the Sunday Times: "It is the largest rise in wealth since the list was first published 21 years ago. Much of the increase is a result of the rebound in stock markets and property values after the Labour government injected hundreds of billions of pounds into the banks and the wider economy to stave off collapse."

The report's figures are astonishing. They reveal that the 1,000 richest people in this country increased their wealth by 77 billion last year, bringing their total wealth to 335.5 billion.

Just 1,000 people have amassed wealth equal to more than one-third of the national debt!

When the rest of us are told to 'tighten our belts' the number of billionaires has risen from 43 to 53, with nine seeing their wealth rise by 1 billion or more during the past 12 months.

Philip Beresford, compiler of the list, said: "The rich have come through the recession with flying colours. The stock market is up, the hedge funds are coining it. The rich are doing very nicely. The rest of the country is going to have to face public spending cuts, but it has little effect on the rich because they don't consume public services".

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 27 April 2010:

Vote for a socialist alternative


Socialist Party Marxist analysis

Heading for a coalition government?


Socialist Party news and analysis

Fund a political alternative to the establishment parties

Filthy rich get richer

World's most unequal city

Greek crisis

No trust


Socialist Party election campaign

A 'beacon of hope' in Gateshead

STUSC candidates speak

Press try to gag socialists in Walthamstow campaign

Debt balloons go up in Brighton Kemptown

Cleaning up in Cardiff

Extremes of rich and poor in Swansea

Campaign hots up in Lewisham

"That makes real sense to me"

TUSC: 'Hear your candidate' meetings


Socialist Party feature

Jobs not cuts


Socialist Party election analysis

Can the Greens help provide a left alternative?


Socialist Party feature

Housing in crisis: Bankers rob people


Socialist Party workplace news

Nottingham city council: Shocking new cuts!

Unison health conference

Glasgow CSG workers fight pay freeze

Three years of wage cuts for council workers

Strike at Northumberland College

Workplace news in brief


 

Home   |   The Socialist 27 April 2010   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Rich:

triangleWhole establishment exposed for role in Grenfell fire

triangleThe Socialist inbox

triangleCorbyn's manifesto: An important step in the right direction

triangle1,000 super-rich own 658 billion!

triangleMcDonnell promises reversal of Tories' tax cuts for the super-rich

Carlisle:

triangleCarlisle NHS campaigners hand in petition to MP

triangleCarlisle Socialist Party: Russian revolution 1917 - the role played by the Bolsheviks

triangleCarlisle HCT demo warns against cuts and closures

triangleCarlisle Socialist Party: The socialist fightback starts here!

Banks:

triangleHousing crisis: Corbyn's positive measures blanked by Labour's right

triangleThem & Us

triangleDefuse the consumer debt time bomb: nationalise the banks!

Britain:

triangleThe end of the Tories?

triangleNasty party imploding...drive out the Tories

Reports and campaigns

Reports and campaigns

12/10/17

Cleaners

Justice for Tube cleaners demo

11/10/17

Salford

Salford Unison condemns pay cuts

11/10/17

Royal Mail

CWU fights court attempt to stop national strike

11/10/17

Carlisle

Carlisle NHS campaigners hand in petition to MP

11/10/17

Green

Don't wreck our rec! Campaigning to save green space in Standish

11/10/17

Fire

No more fire deaths - ensure safety now!

11/10/17

Cardiff

Cardiff Socialist Students confront 'Parasite' Jacob Rees-Mogg

11/10/17

John McDonnell

Manchester rally discussed unionisation and nationalisation

11/10/17

Orgreave

Join the Orgreave Halloween rally

11/10/17

Union

Workplace news in brief

11/10/17

Democratic rights

Who's watching who?: The fight for justice, trade union and democratic rights

6/10/17

Northern Ireland

Boeing bust-up threatens thousands of skilled jobs

5/10/17

Runcorn

Too much to cross the Mersey

4/10/17

Royal Mail

Set for national strike action

4/10/17

London

Supporting the general strike in Catalonia

triangleMore Reports and campaigns articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party

triangle13 Oct The end of the Tories?

triangle11 Oct Nasty party imploding...drive out the Tories

triangle11 Oct CWU fights court attempt to stop national strike

triangle11 Oct The fight against racial discrimination is tied to fighting against...

triangle11 Oct Catalonia: Workers can finish what Puigdemont won't

triangle6 Oct Boeing bust-up threatens thousands of skilled jobs

triangle4 Oct The nasty party turns on itself... but the Tories must be driven out

More ...

triangle16 Oct Teesside Socialist Party: After the party conferences

triangle17 Oct London: TUC lobby & rally; and London march

triangle18 Oct Warrington & St Helens Socialist Party: 1917-2017; the October Russian Revolution

triangle18 Oct Hackney Socialist Party: 100 years ago - the Bolshevik-led revolution

More ...

Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Archive

Archives:

October 2017

September 2017

August 2017

July 2017

June 2017

May 2017

April 2017

March 2017

February 2017

January 2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice

V2