Tuesday, 1 May 2012

Just in case you wondered ...

The Sunday Times Rich List was published at the end of April at the same time as as news of the UKs double dip recession first hit. The top 1,000 managed to dodge Britain's falling living standards.


The combined worth of the country's wealthiest people is £414bn, up 4.7% since last year.

It means their joint wealth has passed the level last seen in 2008, before the financial crash, to set a new record.

Top spot for the eighth straight year is held by Indian steel magnate Lakshmi Mittal, 61, with £12.7bn.

There are now 77 billionaires on the list, with individuals needing to have at least £72m to make the top 1,000.

Meanwhile Boots (the chemist's) leadership have been warning about the tax-heavy direction of the coalition government; apparently taxing enterprise; taxing risk-taking; discouraging success. Leave aside Osborne's cut of top rate income taxes, has anybody else noticed any sort of predilection on the part of Cameron and Clegg (or, for that matter Miliband and Balls) to hammer the rich? Must be all that time that the senior Boot's executives are spending behind the little brass plaque fixed on the door of a small post office in a Swiss village called Zug (believe it or not) , announcing the headquarters of their company.

Make sure you are standing in the right place when it all starts to 'trickle down.'

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