Sunday, 13 April 2008

Class Politics

Don't know what to do with your money in these uncertain times? Check out this very short article in the FT. The big money in the UK is going into big companies - about £70 Billion has been switched into these shares since November - helping shore-up the FTSE 100. 

Based on a regular survey of the UK’s wealthiest individuals, it transpires that, "470,000 adults... own more than £1,600bn of cash, bank deposits and investment... two-thirds of the country’s liquid private wealth."

These 470,000 people comprise less than 1% of the UK population.

Ask yourself - in whose interests do you think the Government runs the country? People like you, or people like them?

Or put it another way, who do you think has most influence over Government policy?

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