Link to this page: https://secure.socialistparty.org.uk/issue/899/22689
From The Socialist newspaper, 27 April 2016
Them & Us
Image by Suzanne Beishon (Click to enlarge)
The Sunday Times published its annual Rich List on 24 April.
Total net worth of Britain's wealthiest 1,000 residents - the top 0.002%.
Total net wealth of Britain's poorest 12.6 million residents - the bottom 20%. (2010 to 2012, Office for National Statistics)
Minimum you need to be admitted to the 2016 Rich List.
Gross lifetime earnings of a worker on the average UK salary of £26,500 over a 50-year career. It would take 77 lifetimes for a worker on average pay to earn the equivalent needed for Rich List entry. Of course, you'd have lost most of it in rent and necessities to people already on the Rich List anyway.
Property billionaire brothers David and Simon Reuben, top of the 2016 Rich List. They also have investments in tech, metal and banking. The pair owns Millbank Tower, Oxford Airport, shops on London's ultra-posh Sloane Street, and more. Net worth: £13.1 billion.
Homelessness charity Shelter's estimate of the numbers caught in the UK's 'rent trap' in 2014. These renters - 66% - permanently subsidise private landlords, never able to afford a deposit on their own homes.
Ernesto Bertarello's net worth, with wife Kirsty. Ernesto mainly races yachts these days. But he earned his money the hard way: by cleverly and industriously inheriting a pharmaceutical firm. When that sold, he took home a well-deserved $8.6 billion.
Total net cost of ingredients in NHS prescriptions in 2014 (Health and Social Care Information Centre). Private drugs companies, like Ernesto's former plaything Serono, demand obscene mark-ups. 'Dasatinib', for example, is a leukaemia treatment. Its manufacturer, Bristol-Myers Squibb, sells it to the NHS at 100 times what it costs to make.
Spare a thought
Steel magnate Lakshi Mittal has suffered, now only worth £7.12 billion after his stake in steel crashed due to overcapacity in China. Oil barons and retail bosses have also lost out. The Socialist will be dropping round the UK's 1.68 million unemployed workers to see if they can spare a quid.
Donate to the Socialist Party
Coronavirus crisis - Finance appeal
The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.
The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.
The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.
- The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
- Our 'fighting coronavirus workers' charter', outlines a programme to combat the virus and protect workers' living conditions.
- When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
Inevitably, during the crisis we have not been able to sell the Socialist and raise funds in the ways we normally would.
We therefore urgently appeal to all our viewers to donate to our special coronavirus appeal.
In The Socialist 27 April 2016:
Socialist Party news and analysis
Historic all-out junior doctors' strike action
Tata steel crisis: 100% nationalisation now!
Hillsborough inquest victory: cops unlawfully killed 96
Nationalise BHS to save 11,000 jobs
Rich List betrays lies of austerity
Queen reaches 90: abolish the monarchy
Most diesels emit illegal levels of poison
Them & Us
Top tweets: TUSC
What we think
Defeats and u-turns show Tories are weak
Trade unions: myths of EU 'Remain' campaign
An anti-austerity alternative on the ballot paper
Welsh Assembly elections: A working class voice to say 'save our steel!'
Scottish elections: strong mood for anti-cuts strategy continues
London elections: fight for an anti-austerity GLA
Warrington: Socialist councillor fighting cuts and hitting doorsteps
Why I'm standing: TUSC can make a real difference
Southampton Labour council faces crisis as cuts hit city
Anti-cuts stand wins support from students in Leeds
Countering the growth of Ukip in south Wales
Workplace news and analysis
Junior doctors withdraw all labour to step up pressure
Trade Union Bill concessions made - now fight to scrap the lot!
Housing: Catalyst needs converting
Workplace news in brief
Socialist Party reports and campaigns
Butterfields: campaign to stay getting results
Women's Lives Matter
International socialist news and analysis
USA: the un-Democratic primary
Poland: anger at abortion ban plan
May Day greetings 2016: click here
The Socialist 27 April 2016 |
Join the Socialist
| Audio | PDF | ebook