Our Common Wealth: A Citizens' Wealth Fund for the UK

Article

A declining labour share of national income, together with unequal capital ownership, mean wealth inequality in the UK has risen and is set to rise further.

This policy paper sets out why a Citizens’ Wealth Fund, a sovereign wealth fund owned by and run in the interests of citizens, would help address this problem by transforming a part of national private and corporate wealth into shared net public wealth. It sets out how such a fund could be capitalised, and proposes that the income generated should be used to provide a ‘universal dividend’ to all young people. In this way the rising returns to capital, and the opportunities derived from wealth, can be more fairly distributed across society.

Related items

  1. A close-up photo of a house flying an England flag from an upstairs window

    Reclaiming Britain: The nation against ethno-nationalism

    How can progressives respond to the increasing ethnonationalist narratives of the political right?
  2. Street scene in financial district, London

    Rule of the market: How to lower UK borrowing costs

    The UK is paying a premium on its borrowing costs that ‘economic fundamentals’, such as the sustainability of its public finances, cannot fully explain. 
  3. A mother and child from behind looking out of a window

    Restoring security: Understanding the effects of removing the two-child limit across the UK

    The government’s decision to lift the two-child limit marks one of the most significant changes to the social security system in a decade.