Richest gained 82% of all new wealth created in 2017: Oxfam report

Growing inequality resulted in 82% of new global wealth going to the richest 1% last year, while the poorest half of the world saw their prosperity flatline, a report by Oxfam has shown.

It means that of the $9.2 trillion (£7.3 trillion) increase in global wealth between July 2016 and June 2017, around $7.6 trillion (£6 trillion) went to 75 million people, while the bottom 3.7 billion saw no increase.