The shocking figure that would be enough to cover the city of Manchester in £10 notes

manchestereveningnews.co.uk:

The collective wealth of UK billionaires increased by £35 million per day to a total of £182 billion in 2024, according to a report from Oxfam.

This growth in cash would be enough to cover the city of Manchester in £10 notes almost one-and-a-half times, the anti-poverty charity said.

Last year, four new billionaires were created in the UK, taking the country’s current total to 57, according to the report. Oxfam has called on the Government to support higher taxation on the super-rich which, the organisation said, could be used to tackle inequality in the UK and overseas and invest in public services.

The charity’s inequality policy lead Anna Marriott said: “For the first time, with the groundbreaking G20 agreement to co-operate on taxing the world’s super-rich, there is genuine momentum to implement fairer taxation globally. “The UK should champion this opportunity to help build more equal societies at home and abroad.” The report, titled Takers Not Makers, revealed that global billionaire wealth grew by two trillion US dollars last year, from 13 trillion to 15 trillion, which is equivalent to around 5.7 billion US dollars per day.