Our bold proposals would raise £15bn per year, which we would use to revive public services and create a citizens’ wealth fund
Much of the anger in today’s politics stems from an ongoing stagnation in living standards, coupled with the sight of a small minority becoming infinitely richer. Britain is one of the most unequal societies in Europe, where success increasingly depends on where you live and who your parents are. Forty-four per cent of UK wealth is owned by 10% of households, while just 9% of wealth is owned by the bottom half. This looks set to continue, with more than half of the net increase in wealth between 2010 and 2014 captured by the top decile of households.
Yet although wealth inequality is twice as great as income inequality, which has on some measures actually fallen slightly in recent years, it has strangely received far less attention.
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