“Exploring the Benefits and Drawbacks of Working from Home”

Oxfam Report Finds Richest 1% Wealthier Than 70% of UK Population A new report by the international charity Oxfam has warned that the world’s richest 1% have amassed two-thirds of global wealth since 2020. The study, entitled Survival of the Richest, claims that food and energy crises have led to significant financial gains amongst the wealthiest, whilst low-income workers and families fight to deal with inflationary measures. More than 1.7 billion people find themselves in countries with hyperinflation, and 820 million of the world’s population lack sufficient food. According to Oxfam, a global wealth tax is required to raise up to £1.4tn per annum, sufficient to lift two billion people out of poverty.

Oxfam’s chief executive for Britain, Danny Sriskandarajah, stated that governments had failed to address what he regards as a moral issue. He called the current situation “an affront to basic human values” which requires “higher taxes on the super-rich” rather than partisan policies benefiting the privileged few over the many. The study reveals that the world’s richest group shored up £21tn in new wealth over the past two years – almost two thirds of all new revenue. It is the first time that both extreme poverty and vast wealth have increased simultaneously in 25 years, Oxfam claims. In the UK, the richest 1% of people are now wealthier than the rest of the population put together.