Skip to main content
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.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
The skyline of Canary Wharf in London as the cold snap continues to grip much of the nation, February 14, 2021
Inequality / 14 July 2026
14 July 2026

Trade unions call for windfall tax hike to fund social energy tariff to public’s energy bills

UNITED VOICE REQUIRED: Workers stand up, yesterday, to the management of Volkswagen plant in Zwickau, Germany with slogans: ‘fighting for the future,’ and ‘exclusion,’ ‘job insecurity’ (strips attached to the scythe) / Pic: Jan Woitas/dpa via AP
Climate Crisis / 11 July 2026
11 July 2026

The future does not have to be climate chaos and social breakdown. MARC VANDEPITTE looks at the alternatives offered by the Global Justice Report, co-authored by Thomas Piketty

 

Coins in a Saltire purse
Features / 7 May 2026
7 May 2026

Years of underfunding are eroding Scotland’s local services and deepening inequality in communities, says VINCE MILLS

Positive Money, Tax Justice UK, Equality Trust and Green New Deal Rising activists protest outside the Bank of England, August 7, 2025
Labour Austerity / 7 August 2025
7 August 2025