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Our nation's wealth is squandered at the time of need
DOUG NICHOLLS, general secretary of the General Federation of Trade Unions, takes a look at private wealth, compares it with public revenues and spending — and questions its future

IF you took the wealth of the lowest earner on the Sunday Times Rich List 2019, with his pathetic £120m in the bank, it would take an NHS clinical nurse currently on £32,000 per annum 3,750 years of proper, valuable graft to earn that amount.

This same nurse would have to work for ten years to afford the two pounds in weight of white truffle that a peckish billionaire recently snaffled up, for a mere £300,000, for a starter with his mates.

The Sunday Times Rich list is compulsory reading each year.

Given the ruses used to hide real wealth it’s a wonder that the researchers keep up so diligently. 2020’s hasn’t come out yet, so we are using last year’s figures.

The International Consortium of Investigative Journalists (ICIJ) has done a great job too in tracking the scams and dodgy dealings which the rich use to stash their cash from Switzerland to Mauritius, Panama and Jersey.

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