Wealthy grabbing power, says Oxfam

Press Association
Oxfam stock
Oxfam stock

%VIRTUAL-SkimlinksPromo%Global inequality has increased to the extent that the £1 trillion 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.