Workers Revolutionary Party
THE WEALTH gap in Britain has widened dramatically during the pandemic with the richest 10% of the population gaining an extra £50,000 each on average, according to research carried out by the Resolution Foundation.
The think-tank said total UK wealth increased by £900bn to £16.5tn during the course of the pandemic, but this massive increase is confined to the wealthiest and upper middle income brackets.
According to the report, the reason for the sharp increase in the wealth for the already wealthy at a time when the economy is in a state of recession is that wealthy households had little to spend their money on during lockdown.