Oxfam: Wealthy grabbing power

Global inequality has increased to the extent that the €1.2trn combined wealth of the 85 richest people is equal to that of the poorest 3.5 billion - half of the world’s population – according to a new report from development charity Oxfam.

And the report, entitled Working For The Few, claims that growing inequality has been driven by a “power grab” by wealthy elites, who have co-opted the political process to rig the rules of the economic system in their favour.