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Monday, 23rd June 2014

UK: The Equality Trust Wealth Tracker 2014

Source: Equality Trust (UK)

From Wealth in Britain:

In the last year the 100 richest people in Britain saw their wealth increase by £40.1 billion to a colossal £297.133 billion. The ten richest people alone saw their wealth increase by £3.1 billion. This means that just one hundred people now have as much wealth as the poorest 30% of households. According to new statistics from the ONS, the richest 1% of households in the UK now holds more wealth than over half of the population....

The UK is now one of the world’s most economically unequal developed countries. The negative effect of this inequality on our mental and physical health is well documented. But more recently, inequality has been cited by an increasing number of academics and economists as a key reason for financial volatility and poor economic growth.

This year’s Equality Trust Wealth Tracker is the first of what will be an annual report. Its aim is to make sense of the huge increase in wealth of the richest in society by providing comparisons with recognisable household items and bills. In doing so it will also highlight what the equivalent financial value of this wealth might provide if it was used in a more equitable way.

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Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

Adrian can be reached at adrian.janes@freepint.com

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