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The Credit Suisse report today shows that the number of millionaires is rising despite slowed economic Inequality is growing faster than we had thought – Oxfam predicted the richest one percent would own more than the rest of us by 2016. The fact that it has happened this year underlines the urgency of the problem.

Oxfam welcomes the EU increasing its aid for education, public health and gender equality in developing countries in its budget for 2019. However, it still falls short of allocating 20 percent of the aid budget to these vital areas.

With its new long-term budget, the EU missed a chance to put itself at the forefront of a fair and green recovery from the coronavirus pandemic, Oxfam said today.

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.

Today’s report from UBS and PwC revealed that the global billionaires club gained 50 more members in 2015 - at a time when 767 million people are living in extreme poverty. This huge gap between rich and poor is bad news for economic growth, the fight against poverty, social stability and democracy.  

The annual Forbes rich list released today highlighted a slight downturn in fortunes of the rich elite but huge global inequalities remain.

Cutting development aid costs lives, and it will exacerbate poverty, inequality and instability across the globe, said Oxfam today in response to the publication of new aid figures by the Organisation for Economic Cooperation and Development (OECD).

Unresolved rigged tax rules and privatized development are the major drawbacks of the UN Financing for Development Conference outcome, says Oxfam.

More than 200 million people will be trapped unnecessarily in extreme poverty - despite world leaders’ pledge to end it - unless action to tackle economic inequality is accelerated. 

The failure of the OECD’s Development Assistance Committee’s to agree tough new rules governing aid invested in the private sector – so-called private sector instruments – was criticised by Oxfam and the European Network on Debt and Development (Eurodad) today.