This article by Damon Gibbson was originally published on the Touch Stone website on 8th September 2015:
The Conservatives are in office for another five years with a long term plan to deliver a prosperous and more balanced economy. But with the mounting burden of household debt set to grow even further, we could be in for a bumpy ride.
The richest 1,000 people have more wealth (£547 billion) than the poorest 40% of households (£452 billion). Last year they saw their wealth increase by a staggering £28.151 billion, the equivalent of £77 million a day, or £893 a second, according to the annual Wealth Tracker report by The Equality Trust.
There is more money in the world than at any other point in human history, so why doesn’t it reach the places that need it most?, asks Fran Boait, Positive Money’s Executive Director in the article published in Open Democracy, 14th April 2015