SIR – Could I let your readers know that if they missed an item of news regarding Britain’s richest people, let me say that it didn’t go unnoticed.
According to the (“we’re all in this together”) Chancellor George Osborne (pictured), in the year 2009-10 they were collectively worth £650 billion, and in 2010-11 they were worth £700 billion.
£50 billion in 12 months – almost a billion a week – in a year when the economy grew at 0.04 per cent adjusted to 0.05 per cent.
This situation begs the question from a leading sceptic like me – why should the rich risk investing in Britain’s economy when they can get seven per cent income from a ‘flat lining’ economy? Why bother? It’s not their problem, it’s the Government’s, isn’t it?
The banks and businesses are living up to the promises they made to Mr Osborne and who can blame them?
The rich will continue to invest their money abroad. Those who will invest will not do so without a big chunk of tax payers’ money. The country is going to the dogs and the Government is blaming a small number of unintelligent benefit cheats. It was ever thus.
Alan Holdsworth, Sandside Close, Parkway, Bradford
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article