The UK could benefit from a citizens’ wealth fundby Stewart Lansley / September 12, 2017 / Leave a comment
Last week, Liberal-Democrat leader Vince Cable joined the long list of politicians who have warned of the dangers of excessive inequality. But strong as the speech was on the problem, it was much weaker on solutions.
If we are serious about creating a less unequal society, we need a much more focussed strategy on wealth. The national wealth pool in the UK (personal and public)—some £14 trillion—is close to seven times the annual output of the economy, a ratio that has risen sharply in recent decades.