Reports and Campaigns

spotAbout the Socialist Party




spotElection campaigns



spotSocialist women


spotYouth and Students

All keywords

Youth keywords:

Apathy (2)

Apprenticeships (25)

ASBOs (7)

Black youth (12)

Campaign to Defeat Fees (40)

Childrens homes (1)

Croxteth Comprehensive School (1)

Educational Maintenance Allowance (4)

EMA (65)

Freshers fairs (14)

Gangs (5)

Grants (26)

Policing (40)

Sick Of Your Boss (17)

Students (1163)

Teenage obesity (1)

Workfare (43)

Workfare protests (6)

YFJ (98)

Young people (590)

Young workers (70)

Youth (580)

Youth Fight for Education (12)

Youth Fight for Jobs (366)

Reports and campaigns:

Anti-capitalism (1441)

Anti-fascist (963)

Anti-racism (1099)

Anti-war (2273)

Art (465)

Asylum (384)

Black and Asian (483)

Children (444)

CNWP (121)

Corporate crime (2)

Disability (423)

Education (6583)

Election campaigns (4045)

Environment (1234)

EU (585)

Finance (144)

Food (324)

Gender Recognition Act (4)

Health and safety (40)

Health and welfare (410)

Housing (2071)

Human Rights (483)

LGBT Pride (340)

Local government (2473)

Local services (4428)

Low pay (664)

Migration (67)

Nationalisation (177)

New workers party (518)

NHS (4064)

Pensions (941)

Post Office (245)

Poverty (667)

Privatisation (1224)

Public Services (1360)

Socialism (1018)

Socialist (58)

Sport (275)

Stop the slaughter of Tamils (7)

Students (3260)

The state (2066)

Transport (874)

TUSC (1067)

Welfare rights (1291)

Women (1493)

Workplace and TU campaigns (17523)

Youth (3188)

Related websites

Youth Fight For Jobs

Trade Unionist and Socialist Coalition

National Shop Stewards Network

Tamil Solidarity

Highlight keywords  |Print this articlePrint this article
From: The Socialist issue 995, 16 May 2018: Middle East in crisis - no to war!

Search site for keywords: Super-rich - Rich - Poverty - Tax - Workers - Wealth - Britain - Austerity

Sunday Times Rich List 2018

Richest worth 724bn... as 100,000 kids fall into poverty

It's austerity for us and prosperity for them, photo torbakhopper/CC

It's austerity for us and prosperity for them, photo torbakhopper/CC   (Click to enlarge)

Andrew Carss, Salford Socialist Party

724 billion. This is the combined wealth of Britain's 1,000 richest. The Sunday Times has produced its annual Rich List, and the working class can see who is dipping their hand in our pockets.

The top 1,000 have increased their worth by 10% in a year. In the same time, another 100,000 children fell into poverty - making 4.1 million, about 30% of all kids - according to the Department for Work and Pensions.

The top spot this year has been claimed by spiv-in-chief union-buster Jim Ratcliffe, net worth 21 billion. Back in 2013, the Ineos chair and majority owner used the livelihoods of thousands of workers as leverage to extract 134 million from the taxpayer for his oil refinery at Grangemouth.

In real terms, average wages are still lower than they were in 2007. The Tories have offered NHS workers a miserly below-inflation pay 'increase'. Wages are recovering slower than even after the Great Depression, according to the Trade Union Congress.

Meanwhile, at the top of the pile, capital gains tax is 28%, and corporate tax just 20% - both lower than the higher rates of income tax! For all their spiel about "making work pay," in Tory and Blairite Britain work is disincentivised for the super-rich.

They ferret away their ill-gotten gains in tax havens, where capital languishes until a profitable investment opportunity opens up for it.

Under Jeremy Corbyn's anti-austerity leadership, donations to Labour from the very wealthy have almost disappeared. Meanwhile, of the top 50 political donors in this year's Rich List, only one was not a Tory donor.

Capitalist politicians tell us that if we stand up to the billionaire 'Masters of the Universe' and demand they pay more, they will simply leave the country, taking thousands of jobs with them. But working people create all the wealth in society - the bosses just take it.

The Times has lauded the "triumph" of the "self-made" billionaires this year. "94% of most wealthy made own fortunes" in the top 1,000, it claims.

Really? Did Jim Ratcliffe make petrochemical products worth 2.3 billion profit last year himself? Or was that, in fact, the workers whose terms and conditions he battered in 2013 while relaxing on a 130 million yacht?

The answer to billionaire thieves threatening to leave is to nationalise their business empires under democratic workers' control and management. Britain is an enormously wealthy country. There is enough wealth to guarantee every person a decent standard of living - but not while supporting a billionaire class.

The Socialist Party fights for the nationalisation of the banks and top corporations as part of a democratic, socialist plan of production - and heavy, progressive taxes on the stolen fortunes of the super-rich.

Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube



Phone our national office on 020 8988 8777


Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 0798 202 1969

East Mids: 0773 797 8057

London: 020 8988 8786

North East: 0784 114 4890

North West 07769 611 320

South East: 020 8988 8777

South West: 07759 796 478

Southern: 07833 681910

Wales: 07935 391 947

West Mids: 02476 555 620

Yorkshire: 0114 264 6551



Alphabetical listing

January 2019