Well here’s a depressing figure if I were to ever hear one – Britain’s five wealthiest families are worth more than the poorest twenty-percent.
The most affluent of them all, the Grosevnor’s, a name synonymous with the wealthy, have personal fortunes of an eye watering £7.9 billion. This is in contrast to the countries ten percent poorest at £7.8 billion. The Grosevnor’s owe their outrageous prosperity to vast acres of property in affluent areas of London such as Belgravia.
With the five families of prosperity equaling a fifth of the countries populations worth, it truly is the wealthy versus the many.
The stats are hardly suprising. It is a widely understood fact that whilst Britain surges on into recovery, it appears to be just the rich getting richer whilst the poor remain the same or sink further down the poverty line. Increasing inequality is not a sign of economic success but rather of political policy failure.
Unfortunately, many working families bear the brunt of this burden. Quite a bleak consideration for the hard-working. Various and extensive political parties have promised an across board living wage. As yet this has failed to materialise. Stark reality is the many work for the few. The vast majority work for low wages all the while lining the pockets of the wealthy minority. It is the wealthy versus the many where money is power and actual numbers count for little to nothing.
Inequality is an entrenchment in our society. The poverty charity Oxfam has given its recommendations where the government should balance its books by clamping down on the companies and individuals who avoid paying their fair share. They also asked for the government to explore greater taxation of the extremely wealthy.
However, as the rich are the darlings of the political parties, this is as yet an unlikely turn of events.