Corbyn’s warning about the stinking rich could smell sweet to struggling workers

The UK now has more than 150 billionaires, and that ought to be an admission of failure, according to the opening shots of Labour's election campaign

Should anybody have nine zeroes to their name? In the opening stages of the election campaign, Jeremy Corbyn launched a salvo against billionaires. A Labour government would go after super-rich people who exploit a "rigged system" to benefit themselves at the expense of the many, he warned in a speech last week.

Britain has more than 150 billionaires, who control assets worth 525bn. Yet with 14 million people in relative poverty, each one of these billionaires could be seen as a failure of government policy.

Even if they didn't pay tax or spend a penny of their earnings, it would take an average UK worker more than 40,000 years to become a billionaire