'The rich fill their boots as the rest of us get kicked further into poverty'
The laws of probability state that one day we will all agree with something Nigel Farage says.
And thanks to NatWest handing their disgraced ex-CEO Alison Rose a £2.4million pay-off after she leaked false information about a customer, that day has dawned for me. “This is the corrupt British Establishment looking after its own,” raged the sinned-against customer, Farage.
“If any NatWest employee had done what she did they would have been fired without receiving their month’s money. It is a sick joke.” And although I can taste a bit of my own sick as I type these words, Farage is absolutely spot-on because the blind-eye turning to the behaviour of the rich in this country is indeed vomit inducing.
The masonic mafia that greases the wheels that turn the UK economy has never felt more untouchable. The knowledge that politicians won’t rein-in their excesses, indeed will shower them with taxpayer billions if they crash the economy, has only emboldened them to fill their boots.
This week we learned that the average salary of the FTSE 100 CEO rose £500,000 last year, or 16%, while the wages of virtually every worker below that rank struggled to keep up with inflation. Those CEOs, who are already rich beyond their wildest dreams, took home on average £3.91million in 2022, which is 118 times more than an average worker. Three years ago it was a mere 79 times higher.
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This accelerating chasm means the top CEOs are making more in three days than their average worker earns in a whole year. A further kick to the groin was the news that the CEOs of energy firms BP and Shell paid themselves roughly £10million each while tens of millions of ordinary workers struggled to heat their homes. They profit from Putin’s war while we pay for it.
The TUC is calling for legislation that ensures workers have seats on company boards to address pay inequality, but nobody at the top is listening. Instead, the Bank of England governor tells us that if ordinary workers want to beat inflation they should stop asking for pay rises.
Then a Number 10 spokesman bats away calls for intervention with “we do not dictate to private sector companies how they pay their staff.” But then why should the man in Number 10 do anything about this runaway inequality when he and his wife are the 275th richest family in the UK with a combined wealth of £529million?
Sadly nothing will change until the rich realise their greed is making the entire country poorer by killing economic growth. That an economy cannot function successfully when the four richest Brits now have more wealth than 20million of their compatriots. Maybe a fired-up Nigel Farage will launch a campaign to stop the greedy rich “looking after its own”.
Maybe he’ll join calls for a wealth tax similar to ones in Norway, Spain and Switzerland aimed at easing the cost-of-living crisis for the poorest. It’s estimated that a modest tax on the top 1% of our wealthiest households could raise between £70billion and £130billion a year. Or, maybe a man so rich he banks at Coutts, which demands customers have £3million in savings, or borrow or invest £1million, is only interested in challenging the “corrupt British Establishment” when he is affected. Britain a sick joke, you say, Nigel? Sure is.
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