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<span style="font-family: Arial, Helvetica, sans-serif; font-size: 11pt; font-style: normal; font-variant-caps: normal; color: rgb(0, 0, 0);">Dear colleagues</span><br>
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<span style="font-weight:normal; font-family:Arial,Helvetica,sans-serif; font-size:11pt">This report
</span><span style="font-weight:normal; font-family:Arial,Helvetica,sans-serif; font-size:11pt"><b class="x_x_ContentPasted0">Billionaire Britain 2022: Inequality from the top down</b></span><span style="font-weight:normal; font-family:Arial,Helvetica,sans-serif; font-size:11pt">
published by Equality Trust might be of interes</span><span style="font-family:Arial,Helvetica,sans-serif; font-size:11pt"><span class="x_x_ContentPasted0">t</span></span></p>
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<span style="font-family:Arial,Helvetica,sans-serif; font-size:11pt">Billionaire Britain 2022 reveals that:</span></p>
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<span style="font:9.0px Menlo"></span><span class="x_x_Apple-tab-span x_x_ContentPasted0" style="font-family:Arial,Helvetica,sans-serif; font-size:11pt"></span><span style="font-family:Arial,Helvetica,sans-serif; font-size:11pt">The wealth of the UK’s billionaires
has skyrocketed by over 1000% between 1990 and 2022, ballooning by around £600bn. </span></li><li class="x_x_ContentPasted0" style="margin:0px; font-style:normal; font-variant-caps:normal; font-weight:normal; font-stretch:normal; font-size:11pt; line-height:normal; font-family:Arial,Helvetica,sans-serif">
<span style="font:9.0px Menlo"></span><span class="x_x_Apple-tab-span x_x_ContentPasted0" style="font-family:Arial,Helvetica,sans-serif; font-size:11pt"></span><span style="font-family:Arial,Helvetica,sans-serif; font-size:11pt">The number of billionaires exploded
from 15 in 1990 to 177 this year.</span></li><li class="x_x_ContentPasted0" style="margin:0px; font-style:normal; font-variant-caps:normal; font-weight:normal; font-stretch:normal; font-size:11pt; line-height:normal; font-family:Arial,Helvetica,sans-serif">
<span style="font:9.0px Menlo"></span><span class="x_x_Apple-tab-span x_x_ContentPasted0" style="font-family:Arial,Helvetica,sans-serif; font-size:11pt"></span><span style="font-family:Arial,Helvetica,sans-serif; font-size:11pt">Between 2020 and 2022 alone,
billionaire wealth increased by almost £150bn.</span></li><li class="x_x_ContentPasted0" style="margin:0px; font-style:normal; font-variant-caps:normal; font-weight:normal; font-stretch:normal; font-size:11pt; line-height:normal; font-family:Arial,Helvetica,sans-serif">
<span style="font:9.0px Menlo"></span><span class="x_x_Apple-tab-span x_x_ContentPasted0" style="font-family:Arial,Helvetica,sans-serif; font-size:11pt"></span><span style="font-family:Arial,Helvetica,sans-serif; font-size:11pt">Much of this increase came from
central bank and government efforts to soften the impact of the international Covid-19 crisis. However, the infrastructure that allowed billionaires to profit in this way was decades in the making. </span></li></ul>
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<span style="font-family:Arial,Helvetica,sans-serif; font-size:11pt">“<i>That we have allowed the very richest few to accrue such a staggering amount of the nation’s wealth since 1990 is a national disgrace. The UK’s record on wealth inequality is appalling,
grossly unjust, and presents a real threat to our economy and to our society. </i></span></p>
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<i><span style="font-family: Arial, Helvetica, sans-serif; font-size: 11pt; font-variant-caps: normal; color: rgb(0, 0, 0);">Every year we are invited to celebrate the very richest individuals and families in the UK, whilst food bank usage continues to increase,
3.9m children are living in poverty and 6.7 million households struggle to heat their homes. That these are two sides of the same coin is very rarely mentioned. </span><br>
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<span style="font-family:Arial,Helvetica,sans-serif; font-size:11pt"><i>Yet we know that inequality is not inevitable. The right policies can have a positive impact. We call on the government to tax wealth in line with incomes, reform the financial sector,
and end the UK’s role in tax avoidance. Two thirds of the British public agree that ordinary working people do not get their fair share of the nation’s wealth and it is time the government took action.</i>”</span></p>
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<span style="font-family:Arial,Helvetica,sans-serif; font-size:11pt"> - Jo Wittams, co-Executive Director of The Equality Trust</span></p>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: 11pt; color: rgb(0, 0, 0);"><b class="x_x_ContentPasted0">The full report at
</b></span><span style="color: rgb(0, 0, 0);"><a href="https://equalitytrust.org.uk/news/equality-trust-finds-1000-increase-billionaire-wealth" data-auth="NotApplicable" class="x_x_ContentPasted0"><span style="font-family:Arial,Helvetica,sans-serif; font-size:11pt"><b>https://equalitytrust.org.uk/news/equality-trust-finds-1000-increase-billionaire-wealth</b></span></a></span></p>
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<span style="font-family:Arial,Helvetica,sans-serif; font-size:11pt">Best wishes</span></p>
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<span style="font-family:Arial,Helvetica,sans-serif; font-size:11pt">Suchith</span></p>
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<span style="font-family:Arial,Helvetica,sans-serif; font-size:11pt">Dr Suchith Anand</span></p>
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<span style="font-family:Arial,Helvetica,sans-serif; font-size:11pt">Senior Adviser to Governments and International Organisations | Scientist | Board member | Governance | Policy | Consultant in Data Science and Data Ethics | Global Citizen | SDG Volunteer
and Advocate</span></p>
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<span style="text-decoration:underline"><a href="https://council.science/profile/suchith-anand/" data-auth="NotApplicable" class="x_x_ContentPasted0"><span style="font-family:Arial,Helvetica,sans-serif; font-size:11pt">https://council.science/profile/suchith-anand/</span></a></span></p>
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<span style="text-decoration:underline"><a href="https://www.rd-alliance.org/users/suchith-anand" data-auth="NotApplicable" class="x_x_ContentPasted0"><span style="font-family:Arial,Helvetica,sans-serif; font-size:11pt">https://www.rd-alliance.org/users/suchith-anand</span></a></span></p>
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<span style="text-decoration:underline"><a href="https://ethicaldatainitiative.org/" data-auth="NotApplicable" class="x_x_ContentPasted0" data-loopstyle="link"><span style="font-family:Arial,Helvetica,sans-serif; font-size:11pt">https://ethicaldatainitiative.org</span></a></span></p>
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