How have you faired over the last 7 years or so? Have you seen your personal wealth grow by an astronomical amount? Or like most ordinary people in this country you have been struggling to keep you head above water. However our economic pundits tell us that the UK growth has been among the strongest in Europe, with figures like 7.5%, 3.2% etc. these figures are supposed to make you feel better as this refers to the growth in the total wealth of the country. Well has your wealth grown by this much, where is your share of this "growth". During the pandemic in the UK, 24 new billionaires were created, bring the total to 171 billionaires in the UK. Collectively UK billionaires saw the collective wealth grow by a staggering $61 billion over the previous year. We are facing unmanageable energy price increases, staggering inflation in life's necessities, higher taxes and increased interest rates, but no matching wage or benefit increases to met this savage onslaught to our standard of living.
However difficult it may become for you and I to have a decent life, this economic system makes sure that our pampered, over privileged, billionaire parasites will always do very well.
However difficult it may become for you and I to have a decent life, this economic system makes sure that our pampered, over privileged, billionaire parasites will always do very well.
2012: £6.19 per hour, 2021: £8.91per hour.
