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Want to stem rising inequality? It’s time to talk about wealth

The UK could benefit from a citizens’ wealth fund

By Stewart Lansley  

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.

Wealth—and how it’s distributed—matters. High…

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