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Rich See Wealth Bonanza

Tuesday, May 9, 2017

 

Union says PM failing to keep promise as wealth of very richest increases by 14% in one year.

As many Britons feel anxious about the future of the UK economy post-Brexit, the total wealth of Britain's 1,000 richest individuals and families soared to £658 billion this year - a 14% rise on last year according to the Sunday Times Rich List 2017.

Fifteen years ago there were only 21 UK based billionaires, yet over the last twelve months, 19 have seen their wealth rise by more than £1 billion within a single year.

Tim Roache, GMB General Secretary said:

"Theresa May promised a government that works for everyone when she stood on the steps of Downing Street last year. Instead we are seeing a bonanza for the rich on her watch. 

"Wealth is concentrating in fewer hands while many are struggling to make ends meet.

"Our economy is rigged in favour of the rich, and seven years of Tory Government have piled injustice on injustice. It's time working people got their fair share."

ENDS

GMB press office on 07958 156846 or press.office@gmb.org.uk

NOTES TO EDITORS

GMB is a campaigning trade union representing over 640,000 public and private sector workers across the UK.

Sunday Times Rich List 2017 - https://www.thetimes.co.uk/article/the-sunday-times-rich-list-2017-boom-time-for-billionaires-pzbkrfbv2

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