Richest 1% of people own nearly half of global wealth, says report

The richest 1% of the world’s population are getting wealthier, owning more than 48% of global wealth, according to a report published on Tuesday which warned growing inequality could be a trigger for recession.

Failure to push exports puts economy at risk, warns report

THE UK has failed to harness the power of exports to drive forward economic recovery and is in danger of losing out in markets essential for future growth, a damning report warns today.

The report by the leading IPPR think tank will sound alarm bells in Wales with its warning that Britain’s manufacturing sector is failing to make inroads in vital emerging economic powers such as Brazil, Russia, India and China.