The richest 1,000 people in Britain have seen their wealth quadruple under Labour, according to The Sunday Times Rich List published today. Even under Gordon Brown’s brief premiership their fortunes have soared by 15%, just as the financial squeeze and faltering house prices have hit ordinary people.
The collective wealth of the 1,000 richest has jumped to £412 billion, up from £99 billion in 1997. Total net wealth during the same period has slightly more than doubled.
“The 11 years of Labour have been absolutely fantastic for the super-rich,” said Philip Beresford, compiler of the list. “Having a friendly Labour government has almost been better than having a Tory one; it has neutered politicians on the left.”
The wealthiest man in Britain is the steel magnate Lakshmi Mittal whose fortune has rocketed to £27.7 billion, up from £19.25 billion last year, thanks to strong global demand for steel. Mittal is now the sixth richest person in the world and far ahead of any other billionaire in Britain.
Does anyone believe anymore that Labour are a socialist party or a party of labour? When it is said class society is old marxist hat, just who are those people trying to kid?
The rich - the capitalist class - can thank the greatest philanthropists of all: the working class, "the Ragged Trousered Phlianthropists". They are rich because of your hard work, dear reader.