The Equality Trust has today published its annual Wealth Tracker, analysing the extreme wealth of Britain's richest people.
This year it finds that the richest 1,000 people have more wealth than the poorest 40% of households. The 1,000 richest saw their wealth increase by a staggering £82.5 billion last year, the equivalent of £226 million a day, or £2,615 a second.
The Equality Trust has found that this increase in wealth of £82.5 billion could:
With the UK General Election set for 8 June, The Equality Trust has developed our Manifesto for a Fairer Society, calling for fair work, fair tax, fair chances and a fair deal for families right across our nation.
We urge all political parties to commit to the policies in our manifesto for a fairer, more equal society, and you can help achieve this.
Our brand new Pay Tracker report reveals that CEOs in the UK’s top 100 companies now pocket an average of £5.3m each year, or 386 times that of a worker earning the National Living Wage.
Over two thirds (67%) of FTSE 100 CEOs are paid more than 100 times the average UK salary. Ninety per cent of FTSE 100 CEOs are paid at least 100 times more than the National Living Wage.
Equality Trust analysis also found that FTSE 100 CEOs are now paid:
• 165 times more than a nurse.
• 140 times more than a teacher.
• 132 times more than a police officer.
We are proud to launch our new activist pack: Inequality Is Not Inevitable. This guide aims to help inequality activists target key decision-makers, and those who influence them, so that action is taken to reduce inequality.