Jeremy Corbyn has demanded the UK’s 1,000 richest people declare ALL the tax they’ve paid as a new list of fatcats and tycoons is revealed.
The Labour leader called for the move “in the interest of transparency” to mark the new Sunday Times Rich List.
A record 151 people on the list are billionaires, and the 1,000 richest people have a total wealth of £771billion.
That’s almost as much as the total spending by the entire UK government throughout 2017/18 – at £789billion.
Some super-rich are now preparing to flee the country amid fears of a Prime Minister Corbyn – with one in 10 who spoke to the newspaper said they were making some kind of plan to protect their wealth.
But Labour’s defiant leader said: “The Sunday Times Rich List is a stark reminder of the grotesque inequality that scars our society.
“Year on year, we see the rich getting richer, while pay for the majority hasn’t risen in a decade and household debt rises.
“In the interest of transparency, everyone on the list should publish where they are registered to pay tax and how much tax they have paid.
“Labour will reprogramme our economy, so it stops just supporting a tiny few at the top, and starts to reward the many, who do the work, create the wealth, and pay their taxes.”
Top of the list are the Hinduja brothers Sri and Gopi.
The oil and gas, IT, energy, media, banking, property and healthcare magnates are said to have amassed a £22 billion fortune, more than £3 billion ahead of property tycoon brothers David and Simon Reuben.
In third is Sir Jim Ratcliffe, the boss of petrochemicals firm Ineos. The Brexiteer – who came first in last year’s list – sparked outrage when he revealed plans to move to Monaco.
He fell from first place in last year’s list after a reported £2.9 billion drop in his wealth to £18.15 billion.
But fellow Brexiteer Sir James Dyson reached his highest ever position as he prepares to move Dyson’s head office from Wiltshire to Singapore.
The Brexit-backing businessman climbed seven places to become the fifth richest person in the UK, with his wealth estimated at £12.6 billion.
Not so lucky is Sir Philip Green, who is estimated to have lost his status as a billionaire.
The Sunday Times Rich List has his fortune free-falling £1.05 billion in a year to £950 million, leaving him and wife Tina at 156th on the list.
The Arcadia Group – which includes Topshop, Burton and Dorothy Perkins – was valued as worthless in this year’s list, as the company copes with a pension debt which hit £565 million.
The devaluation comes after sustained criticism against Sir Philip and calls for him to lose his knighthood.
He was lambasted over the collapse of BHS, affecting 11,000 jobs, 19,000 pension holders and leaving a £571 million in the pension scheme.
The businessman, who sold the department store chain to Dominic Chappell for £1 before it plunged into administration, agreed to pay £363 million towards the deficit.
Sir Philip has also faced a slew of allegations, including of groping a female executive and making a racial slur at an employee.
The Croydon-born entrepreneur denied his behaviour was criminal or amounted to gross misconduct.
Robert Watts, who compiled the list, said he struggles to envisage the tycoon returning to the “upper echelons”.
“Sir Philip Green may have clung on to his knighthood, but we can no longer justify his status as one of the UK’s billionaires,” Mr Watts said.
“This is the first time since 2002 he has not been in that top tier of the UK’s super rich individuals.”