Ten billionaires have got £300billion richer during the pandemic according to a recent report in the London Economic.
Boosted by lockdowns and financial trauma across the world, the extra wealth accumulated over the last nine months by ten of the world's richest men, is more than the British government spent on tackling the pandemic.
Rebecca Gowland, Oxfam Head of Inequality Campaign and Policy said: “The fact that the world’s richest billionaires are massively increasing their wealth at a time when millions are facing hardship, is evidence of a broken economy.
“It is unconscionable that a handful of super-rich men are stockpiling wealth while millions of people around the world are losing their jobs, struggling to put food on the table and are living in fear of destitution.”
ExcludedUK is a non profit grassroots NGO founded to provide a platform for those denied fair and adequate financial support from the Governments COVID-19 Support schemes since the pandemic began in March. With a community of over 60,000 members across all industries, age groups and regions, we estimate that three million UK tax payers have been excluded from the same support as others, which has lead to thousands of people losing their livelihoods, careers, and homes, and sadly, for some, their lives.
ExcludedUK has been fundraising to provide urgent help and support for those affected in the forms of business and career advice, debt support and 121 counselling sessions within 48 hours. Please find more information on our website www.excludeduk.org.