I rarely post any political comment on this blog anymore, but I thought this was appropriate, given all the talk about the forthcoming election. I read an article this week that contained some staggering statistics, which made even an old cynic like me sit up and take note. I have to state from the start that all this information appeared in Radio Times, so presumably they hold copyright on it. If this blog post offends them in any way, I will of course remove it.
The Radio Times is a TV listings magazine. produced by the BBC. It gives information on all the TV and Radio stations available in the UK. It also has some editorial content, and feature articles. One of these was about a programme due to be aired on Channel 4 next week. It will be presented by Richard Bacon. For those of you who do not know this man, he is a former radio presenter who used to work for the BBC. He went to an expensive private school, and lives in a house in North London, valued in the millions of pounds. So, not your everyday agitator, or left-wing journalist then. Obviously, I have not yet watched the TV show, but some of the figures highlighted in the article are well-worth repeating here.
The richest 10% of people in the UK has more than 100 times the wealth of the poorest 10%
The five richest families in the UK are wealthier than the poorest 12.5 million combined.
London has a higher percentage of people with assets of £19 million or more than any other country on Earth. And this excludes the value of their home.
If the minimum wage had kept up with the growth of top salaries here since 1999, it would now be £18.89 an hour, instead of £6.50.
Since the start of the world financial crisis, the richest 10% in the UK have actually grown richer.
There are some other facts in the article that I have omitted, to avoid this post becoming too much of a list. The programme will be shown on Monday 10th November, at 8pm on Channel 4. If any of you are able to watch this, I suggest it may well prove to be an eye-opener.