The Sunday Times says its list is based on identifiable wealth, including land, property, other assets such as art and racehorses, or significant shares in publicly quoted companies. It excludes bank accounts. Watch Live. UK Rich List revealed - who's made billions more during the pandemic? Fill 2 Copy 11 Created with Sketch. Friday 21 May , UK. The bosses of British online retailers Ocado, Boohoo, The Hut Group THG and Asos all benefited from huge increases in their wealth as spending for locked-down consumers migrated online.
The gains reaped by the billionaire class came in a year that the government was forced to step in to pay the wages of millions of Britons, funded by borrowing unprecedented in peacetime. At the same time governments and central banks have stepped in with huge fiscal and monetary interventions that have sustained, and in many cases added to, the fortunes of the wealthy. The diverging fortunes have prompted anger and calls for urgent reform of taxation of the rich. Some have also called for targeted windfall taxes on those individuals and companies who have profited most from the pandemic in the UK and beyond, including US tech companies.
It has called for increased taxes on income from wealth, including taxes on capital gains, land and inheritance. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community. Published: AM May 21, Updated: PM May 21, You may also want to watch:. Most Read. North Norfolk News.
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