Latest figures on profits made by an oil giant last year, contrasted with poverty statistics, show the wealthy have never been more prosperous while the poorest are turning in record numbers to foodbanks
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Capitalism’s only working for the few, not the many.
There were two glaring figures published this week. The first was £378 – the amount of profit BP made every second in the last three months of 2021.
The other was one million. That is the number of adults in the UK who went an entire day in the past month without eating because they could not afford to.
The figures illustrate where we are as a nation. The wealthy have never been more prosperous while the poorest are turning in record numbers to foodbanks.
On every measure the gap between the haves and have-nots has widened. In Britain between 1984 and 2013 the wealth of the richest 0.1% doubled.
One in five of the population (14 million people) are now in poverty including over four million children.
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Image:
Getty Images)
While the collective wealth of the 171 billionaires in Britain rose 310% in the past decade to £597.3billion.
The UK is a rich country but the wealth is not distributed fairly.
Figures from the Office for National Statistics show the richest 10%…
