Think of the homeless

Nigel Coghill-Marshall's cheap swipe at Jeremy Corbyn will not distract from the fact that it was his friends, the bankers '“ and chief funders of his new heroes '“ that created the last chaos in 2008.

By The Newsroom
Monday, 18 December, 2017, 08:00

But then they used it as a thinly veiled excuse for the biggest transfer of wealth from workers to the super rich in history.

Under their policies, the UK has suffered the biggest drop in average real wages of any OECD country except Greece.

The young and young families have born the brunt of that as parents have been forced into the gig economy, under Victorian working conditions.

But Britain’s not short of money.

The Office of National Statistics shows GDP has increased by 15 per cent since 2009. So where has the money all gone?

No mystery there: the Sunday Times Rich List announced 2017 as “Boom time for billionaires.”

Indeed, the wealth of the top 1,000 had risen by 14 per cent to a record £658billion in just one year.

Since 2009 the equivalent figures are eye-watering.

The recent Panama papers revealed the tax-avoided mountains of UK cash, far exceeding our national debt, in off-shore havens.

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Meanwhile, the average pay of directors of the top 100 companies has risen to more than £5million per year each. And they keep getting taxed even less by the party they fund.

Will the new partnership have any idea of the deep well of desperation they are creating?

As a result of tax and benefit policies one in five people (more than 14 million) lives in absolute poverty in our country.

That includes nearly four million children, including a fifth of children in Berwick, with serious consequences for health, development, education and well-being. 1.7 million of these children are living in severe poverty.

Most are in a family where someone works. A million have queued at food banks just to eat. For the rest, work-related stress and mental ill-health soars.

I hope the new partnership will give some thought to this; and weep with the 130,000 children who will be homeless this Christmas. Britain is desperate for a real change.

Ken Richardson