The Sunday Times Rich List 2008 Top 150
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Underclass, Overclass, Ruling Class, Supernova Class1
EIGHT Underclass, overclass, ruling class, supernova class1 Danny Dorling Introduction One man in his mid-thirties hoped that his six-figure income would grow rapidly, and admitted that his assets would be valued at nearly a million pounds. He held strong views about poverty. “There is no poverty. Now you can get money from the state. People don’t even have to go to work. You don’t have to put up with working in an unrewarding situation.” He strongly disagreed with the propositions that the gap between rich and poor was too wide and that the rich should be more highly taxed. He strongly opposed the idea of putting limits on “some people’s expensive way of living” to reduce poverty and disagreed with the statement that a lot of people entitled to claim benefits do not claim them. Finally, he strongly agreed that cuts in public services like health and education could be made without increasing the number of people in poverty and that, if there was any poverty, it was more likely to be reduced by increasing Britain’s wealth than by making incomes more equal. (Peter Townsend, describing the views of one of the new overclass of London, recorded in 1985-86; see Townsend, 1993, p 109) By 2010 one in ten of all Londoners had the wealth of the man who Peter had described some 25 years earlier as being part of a tiny elite 155 fighting poverty, inequality and social injustice (see Hills et al, 2010). The Hills inquiry into inequality revealed that one in ten Londoners now have wealth of nearly a million pounds, some 273 times the wealth of the poorest tenth of today’s Londoners. -
'Islamisation' Myth
DEBUNKING THE 'ISLAMISATION' MYTH ___________________________________________ Edmund Standing DEBUNKING THE ‘ISLAMISATION’ MYTH Why Britain Will Not Become an Islamic State ________________________________________ ________________________________________ About the author Edmund Standing is the author of The BNP and the Online Fascist Network (Centre for Social Cohesion, 2009) and co-author (with Alexander Meleagrou-Hitchens) of Blood & Honour: Britain’s Far-Right Militants (Centre for Social Cohesion & Nothing British, 2010). CONTENTS Preface 3 Introduction 4 I Cultural Pessimism and the ‘Islamisation’ Myth 5 II The Myth of International Muslim Power 8 III The Myth of Muslim Power in Britain 12 IV The Myth of a ‘Demographic Time Bomb’ 25 Conclusion: Against the Culture of Despair 29 References 31 PREFACE I am an atheist, a secularist, and an anti-fascist. I have no interest in defending Islamic religious beliefs, nor the Qur’an (quite the opposite, in fact). I also have no time for those who seek to ‘understand’ Islamism or downplay the abhorrent nature of religious fascism. That said, I am also committed to a rational and just approach to my fellow human beings, seeking to treat them in the same way, regardless of nationality, ethnicity, religious affiliation, and so on. To think Islam as a set of beliefs is false and potentially dangerous is not the same thing at all as thinking that all Muslims are inherently dangerous or that I should view them as qualitatively different to other human beings. In the post-9/11 West, we have seen the worrying growth of a paranoid, bigoted approach to Muslims which increasingly views them as an undifferentiated mass, as an inherent Other, and as a powerful fifth column conspiring to destroy the West and enslave it to Sharia law. -
Addison Lee Is Sold for £300 Million. Did Dac Drivers Miss Their Chance
3 1 0 2 y a M Addison Lee is sold for £300 million. Did DaC drivers miss their chance to cash in with this man? See ‘What If’ on page 3… Call Sign May 2013 Page 2 NASH’S NUMBERS From Alan Nash (A95) Heathrow departure terminals - last updated in May 2012 and prompted by Virgin now operating Little Red. New version correct as of 02/04/2013 from data obtained via BAA website. ** British Airways: All BA flights depart Terminal 5 except those listed below. The following British Airways flights depart Terminal 3: Bangkok, Bucharest, Budapest, Gibraltar, Helsinki, Lisbon, Prague, Vienna and Warsaw . The following British Airways flights depart Terminal 1: Amman, Baku, Belfast, Cairo, Dublin, Hanover, Luxembourg, Lyon, Marseille, Rotterdam, Tbilisi and Tel Aviv. Contact no: 0844 493 0787. *** United Airlines. All United Airways depart Terminal 1 except those listed below. The following United Airlines flights depart Terminal 4: Houston and New York (Newark). Contact No. 0845 844 4777 Heathrow terminals by airline excluding BA & United Airlines (see above). Whilst this table looks like last May’s Call Sign article, 8 airlines have gone, there are 2 new airlines, 12 telephone number changes and BA now operate out of T1 as well as T3 and T5... Call Sign May 2013 Page 3 from the editor’s desk Car sitting? capital investment being an example, but added You may have heard that Aspect , a London prop - that since we were all interested in the same thing erty maintenance firm, has been employing young – ie success - Sovereign were confident that opin - people with clean driving licences to 'van-sit' their ions would be sought on a broad basis with deci - fleet of vehicles so that while the engineer is inside sions taken openly and sensibly. -
Top Wealth Shares in the UK Over More Than a Century*
TOP WEALTH SHARES IN THE UK OVER MORE THAN A CEN TURY Facundo Alvaredo Anthony B Atkinson Salvatore Morelli INET Oxford WorkinG Paper no. 2017-01 19 December 2016 Employment, Equity & Growth Programme Top wealth shares in the UK over more than a century* Facundo Alvaredo Paris School of Economics, INET at the Oxford Martin School and Conicet Anthony B Atkinson Nuffield College, London School of Economics, and INET at the Oxford Martin School Salvatore Morelli CSEF – University of Naples “Federico II” and INET at the Oxford Martin School This version: 19 December 2016 Abstract Recent research highlighted controversy about the evolution of concentration of personal wealth. In this paper we provide new evidence about the long-run evolution of top wealth shares for the United Kingdom. The new series covers a long period – from 1895 to the present – and has a different point of departure from the previous literature: the distribution of estates left at death. We find that the application to the estate data of mortality multipliers to yield estimates of wealth among the living does not substantially change the degree of concentration over much of the period both, in the UK and US, allowing inferences to be made for years when this method cannot be applied. The results show that wealth concentration in the UK remained relatively constant during the first wave of globalization, but then decreased dramatically in the period from 1914 to 1979. The UK went from being more unequal in terms of wealth than the US to being less unequal. However, the decline in UK wealth concentration came to an end around 1980, and since then there is evidence of an increase in top shares, notably in the distribution of wealth excluding housing in recent years. -
A Study of UK Household Wealth Through Empirical Analysis and a Non-Linear Kesten Process
A Study of UK Household Wealth through Empirical Analysis and a Non-linear Kesten Process Samuel Forbes∗ Stefan Grosskinsky† July 2021 Abstract We study the wealth distribution of UK households through a detailed analysis of data from wealth surveys and rich lists, and propose a non-linear Kesten process to model the dynamics of household wealth. The main features of our model are that we focus on wealth growth and disregard exchange, and that the rate of return on wealth is increasing with wealth. The linear case with wealth-independent return rate has been well studied, leading to a log-normal wealth distribution in the long time limit which is essentially independent of initial conditions. We find through theoretical analysis and simulations that the non-linearity in our model leads to more realistic power-law tails, and can explain an apparent two-tailed structure in the empirical wealth distribution of the UK and other countries. Other realistic features of our model include an increase in inequality over time, and a stronger dependence on initial conditions compared to linear models. Acknowledgements We would like to thank Alexander Karalis Isaac and Colm Connaughton for their helpful discussions on this work. S. Forbes would also like to acknowledge financial support from EPSRC through grant EP/L015374/1. arXiv:2107.02169v1 [econ.TH] 5 Jul 2021 ∗[email protected] †[email protected] 1 1 Introduction The dynamics of wealth and income inequality is a subject of increasing research interest and public debate, encapsulated by major works such as Piketty's `Capital in the 21st Century' [33]. -
The Prime Minister's Holocaust Commission Report
Britain’s Promise to Remember The Prime Minister’s Holocaust Commission Report Britain’s Promise to Remember The Prime Minister’s Holocaust Commission Report January 2015 2 Britain’s Promise to Remember The Prime Minister’s Holocaust Commission Report Front cover image: Copyright John McAslan and Partners © Crown copyright 2015 You may re-use this information (not including logos) free of charge in any format or medium, under the terms of the Open Government Licence. Visit www.nationalarchives.gov.uk/doc/open-government-licence, write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: [email protected]. This publication is available from www.gov.uk Any enquiries regarding this publication should be sent to: Cabinet Office 70 Whitehall London SW1A 2AS Tel: 020 7276 1234 If you require this publication in an alternative format, email [email protected] or call 020 7276 1234. Contents 3 CONTENTS Foreword 5 Executive Summary 9 Introduction 19 Holocaust Education and Commemoration Today 25 Findings 33 Recommendations 41 Delivery and Next Steps 53 Appendix A Commissioners and Expert Group Members 61 Appendix B Acknowledgements 62 4 Prime Minister’s Holocaust Commission – Summary of evidence Foreword 5 FOREWORD At the first meeting of the Holocaust Commission exactly one year ago, the Prime Minister, David Cameron, set out the task for the Commission. In response, one of my fellow Commissioners, Chief Rabbi Ephraim Mirvis, noted that the work of this Commission was a sacred duty to the memory of both victims and survivors of the Holocaust. One year on, having concluded its work in presenting this report, I believe that the Commission has fulfilled that duty and has provided a set of recommendations which will give effect to an appropriate and compelling memorial to the victims of the Holocaust and to all of those who were persecuted by the Nazis. -
Page9-National.Qxd (Page 1)
DAILY EXCELSIOR, JAMMU MONDAY, MAY 18, 2020 (PAGE 9) Rajdhani specials carry nearly Decentralisation of cities can help address Govt’s economic package to go a long way 3.5 lakh passengers in 5 days migrant workers' woes: Gadkari in making India self-reliant: Amit Shah NEW DELHI, May 17: NEW DELHI, May 17: model for other parts of the coun- NEW DELHI, May 17: Disaster Response Funds to the try and can arrest mass exodus of tune of Rs 11,000 crore. Rajdhani Specials carried nearly 3.5 lakh passengers in last five Union Home Minister Amit Finance Minister Nirmala days, generating a revenue of over Rs 69 crore for Indian At a time when the trauma of workers in search of "greener pas- migrant workers are coming to tures". Shah on Sunday said the Sitharaman on Sunday Railways, said officials. the fore amid the coronavirus- "In Maharashtra's Dharavi announcement of the fifth and announced plans to privatise The Rajdhani Special train service started by the national carri- induced lockdown, Union minis- 1.5 lakh people depend on final tranche of an economic PSUs in non-strategic sectors er on May 12 to ferry stranded people between Delhi and other ter Nitin Gadkari has said "decen- leather work....The upcoming package by the Modi govern- and suspend loan default-trig- major cities of the country has seen a major demand from the mid- tralisation of cities" and develop- Delhi-Mumai Expressway goes ment will go a long way in real- gered bankruptcy filings for one dle class with most of them running on full capacity. -
The UK's Wealth Distribution and Characteristics of High
BRIEFING The UK’s wealth distribution and characteristics of high- wealth households Arun Advani, George Bangham & Jack Leslie December 2020 resolutionfoundation.org @resfoundation The UK’s wealth distribution and characteristics of high-wealth households | 2 Acknowledgements This research was funded by the Economic and Social Research Council (ESRC) through the CAGE at Warwick (ES/L011719/1) and a COVID-19 Rapid Response Grant (ES/V012657/1), by LSE International Inequalities Institute AFSEE COVID-19 fund, and by the Standard Life Foundation. The authors thank Hannah Tarrant and Helen Hughson for outstanding research assistance, and Emma Chamberlain, Carla Kidd, Salvatore Morelli, and Andy Summers for helpful comments. This work contains statistical data from ONS which is Crown Copyright. The use of the ONS statistical data in this work does not imply the endorsement of the ONS in relation to the interpretation or analysis of the statistical data. This work uses research datasets which may not exactly reproduce National Statistics aggregates. All errors remain the author’s own. Download This document is available to download as a free PDF at: https://www.resolutionfoundation.org/publications/ Citation If you are using this document in your own writing, our preferred citation is: A Advani, G Bangham & J Leslie, The UK’s wealth distribution and characteristics of high-wealth households: Reports are fun, Resolution Foundation, December 2020 Permission to share This document is published under the Creative Commons Attribution Non Commercial No Derivatives 3.0 England and Wales Licence. This allows anyone to download, reuse, reprint, distribute, and/or copy Resolution Foundation publications without written permission subject to the conditions set out in the Creative Commons Licence. -
Entrepreneurship in the UK
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Blanchflower, David G.; Shadforth, Chris Working Paper Entrepreneurship in the UK IZA Discussion Papers, No. 2818 Provided in Cooperation with: IZA – Institute of Labor Economics Suggested Citation: Blanchflower, David G.; Shadforth, Chris (2007) : Entrepreneurship in the UK, IZA Discussion Papers, No. 2818, Institute for the Study of Labor (IZA), Bonn, http://nbn-resolving.de/urn:nbn:de:101:1-20080401126 This Version is available at: http://hdl.handle.net/10419/34524 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu IZA DP No. 2818 Entrepreneurship in the UK David G. Blanchflower Chris Shadforth DISCUSSION PAPER SERIES DISCUSSION PAPER May 2007 Forschungsinstitut zur Zukunft der Arbeit Institute for the Study of Labor Entrepreneurship in the UK David G. -
125488 Nephrite Prospectus Intro.Qxp
THIS DOCUMENT AND ANY ACCOMPANYING DOCUMENTS ARE IMPORTANT AND REQUIRE YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the action you should take, you are recommended to seek immediately your own personal financial advice from your stockbroker, bank manager, solicitor, accountant, fund manager or other appropriate independent financial adviser, who is authorised under the Financial Services and Markets Act 2000 (“FSMA”) if you are in the United Kingdom or, if not, from another appropriately authorised independent financial adviser. If you sell or have sold or otherwise transferred all of your Existing Shares (other than ex-rights) before 14 January 2010 (the “Ex-Rights Date”), please send this document, together with any Provisional Allotment Letter, duly renounced, if and when received, at once to the purchaser or transferee or to the bank, stockbroker or other agent through whom the sale or transfer was effected for delivery to the purchaser or transferee except that such documents should not be sent to any jurisdiction where to do so might constitute a violation of local securities laws or regulations, including but not limited to, subject to certain exceptions, the Excluded Territories. If you sell or have sold or otherwise transferred only part of your holding of Existing Shares (other than ex-rights) before the Ex-Rights Date, you should refer to the instruction regarding split applications in Part III (“Terms and Conditions of the Rights Issue”) of this document and in the Provisional Allotment Letter, if and when received. This document, which comprises a prospectus relating to the Rights Issue prepared in accordance with the Prospectus Rules, has been approved by the Financial Services Authority (the “FSA”) in accordance with Section 87A of FSMA PRA3 4.7 and made available to the public in accordance with Rule 3.2 of the Prospectus Rules. -
An Astronaut. a Sheik. a Boxer. a Chef. a Mayor. a Sailor. an Architect
An astronaut. A Sheik. A boxer. A chef. A mayor. A sailor. An architect... Just a few of Britain’s... 0MOST 5INFLUENTIAL IN ASSOCIATION WITH Illustrations by PETER JAMES FIELD Edited by INDIA GLADSTONE 172–179_MostInfluential.indd 1 28/10/2016 08:05 N0.02 NO. SIR JONATHAN IVE Apple’s aesthetic visionary As Chief Design Officer for 01 the tech giant, Jony Ive is the gentleman responsible for the look, feel and user interface of each and every Apple product that goes into production. Ive has been with the brand for a decade, and has led his team through Apple’s most instrumental time. In 2013 he was knighted for services to design and enterprise – long may his success continue. N0.03 WARREN GATLAND OBE A Kiwi returns home as a Lion The former New Zealand rugby player and current coach of Wales is due for his busiest year yet. Proud Kiwi Gatland now has the task of leading the Lions on their tour of New Zealand next year. If anyone can outwit the All Blacks on their own soil, it’s Gatland; in 2013 in Australia, he led the Lions to a 2-1 series victory. SADIQ KHAN Capital kingpin NO. NAMED THE MAYOR OF LONDON IN 2016, Sadiq Khan beat the Conservative candidate Zac Goldsmith to become 04 the third Mayor of London, and the first muslim to hold the office. Replacing Boris Johnson, Sadiq had big shoes to fill, but after receiving nearly 300,000 more votes than his predecessor he has proven himself to be up to the challenge. -
Financial Managemenet October 2004
BUSINESS ASIAN ENTREPRENEURS The Asian equation Prudence plus determination plus family cohesion equals financial success, according to the Asian entrepreneurs who have made it big in British business. Camilla Berens asks some of the leading players how they broke through into the earnings super-league The eye-popping wealth listed in the annual guiding force. Widowed when Vijay was a Sunday Times survey of the UK’s richest toddler, she made sure that her children citizens always makes good reading. It’s understood the value of learning. “The Indian entertaining enough to imagine what the education ethic is very strong,” he says. “Our £7.5 billion attributed to this year’s top- mother had no money, but she said that ranker, Roman Abramovich, would look like education comes first, second and third.” in piles of cash, let alone how he managed Patel paid his way through college by to acquire it all in the first place. For those washing dishes and labouring before starting who make a point of looking through the up his own business at the age of 23. Even rich list every year, one of the most remark- today, his mother still keeps his feet firmly on able developments has been the growth in the the ground. On one occasion, when Patel number of Asian entrepreneurs making it learnt that he had won a prestigious entre- into the top division. preneur of the year award, she first congratu- The list’s author, Philip Beresford, has seen lated him and then told him not to be late for the Asian presence increase annually since £5 to £425 million in 37 years: Vijay Patel work.