Commenting on Credit Suisse’s Global Wealth Report which was published today, Oxfam’s Head of Inequality policy, Max Lawson, said:
“The Credit Suisse Global Wealth Report shows once again that economic inequality remains at shockingly high levels. The richest 1 percent now has as much wealth as the rest of the world combined. This huge gap between rich and poor is undermining economies, destabilizing societies and holding back the fight against poverty.
“Political concerns about inequality are not being translated into the action needed to give hope and opportunities to the millions who have been left behind. Governments must act now by cracking down on tax dodging, increasing investment in public services and boosting the income of the lowest paid.”