"The accumulated wealth of those on the rich list has grown to £412.8 billion, an increase of almost £53 billion from last year. Growth has fallen by more than a quarter, from last year’s rate of 20 percent, to 14.7 percent. Of this year’s top 10, only three were born in Britain. Indian-born number one Lakshmi Mittal’s wealth grew by an astonishing 44 percent, mainly by virtue of swallowing up more international steel producing facilities through mergers. Such business manoevres usually result in consolidation and redundency notices for staff who find their jobs duplicated."
"Writing in his Observer column about Rothkopf’s new publication, Will Hutton noted how Prime Minister Gordon Brown has surrounded himself with former employees of Morgan Stanley and Goldman Sachs. Jonathan Powell, former premier Tony Blair’s chief of staff, has joined Morgan Stanley and Blair himself receives a large stipend from Goldman Sachs."
Now how many of these banker cronies have stocks & shares in the MIC?
"Britain’s rich get richer even as recession begins to bite"
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