Memorial to victims of the slave trade will go ahead on Plymouth Hoe
But plans for a plaque telling the story of slave trader Sir John Hawkins have been scrapped
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Man who tried to stop Plymouth square being named after black footballer Jack Leslie ordered to pay £8,000 legal costs
Danny Bamping appealed against the city council decision to rename Sir John Hawkins Square after pioneering black footballer Jack Leslie
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UpdatedTue, Jan 12, 2021 at 9:03 am ET
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(Senator Jeff Merkley | Twitter)
On a day of horror as a mob invaded and desecrated the United States Capitol, it was one story of hope: Even during the chaos unfolding on the floor of the Senate chamber, Senate staffers made sure to secure and remove the antique chests filled with the ceremonial ballots of the Electoral College ratifying the nation s election of the next president and vice president. The good news is that one of the staff members was very, very quick-thinking and was able to grab and secure the Electoral College ballots and bring them with her to a secured location, Sen. Tammy Duckworth (D-Illinois) said in a telephone interview with CBS.
UK government figures hide £800 billion hoarded by super-rich
The wealthiest in society are much richer than Prime Minister Boris Johnson’s government would have everyone believe.
New research highlighted by the Resolution Foundation estimates that official government figures massively underestimate the growing wealth of the richest in the UK. A huge £800 billion, or five percent of aggregate wealth in the UK held by the wealthiest families, was missed by the latest Office for National Statistics (ONS) figures.
The findings reveal that the level of inequality between rich and poor, which rose sharply after the 2008 banking crisis, is much wider than previously thought. The wealthiest one percent owns 23 percent or almost one quarter of the country’s aggregate wealth, rather than 18 percent (less than one fifth) reported by the ONS. During the last year of the pandemic, when so many were plunged into a health and economic catastrophe with at least 95,000 lives lost already th
The Foundation argues that the cost of the pandemic and an ageing population will cause health and welfare spending to rise by £38billion a year by 2030 so “wealth taxation will need to play a bigger role in the UK economy” in this decade.
Jack Leslie, an economist with the foundation, said: “The UK has undergone a wealth boom in recent decades, which has continued even while earnings and incomes have stagnated. But official data has struggled to capture these gains, and misses £800 billion of assets held by the very wealthiest households in Britain.
“With the country facing a decade of mounting fiscal pressures, now is the time for Britain to do a better job of taxing its record levels of wealth by reforming our capital gains, inheritance and property taxes.”