Page 0066

suggestions for topical issues is 13.00, Monday 3 September. The motions

selected for debate or the motions proposed for the ballot will be printed in

Saturday's Conference Daily. See pages 5 and 6.

Emergency motion timing - mover of motion: 5 minutes; all other speakers 3

minutes.

Topical issue timing - introducer of issue and spokesperson's response: 5

minutes; all other speakers: 3 minutes.

For eligibility and procedures for speaking in the debates see page 4.

10.25 Policy motion

Chair: Duncan Brack (Vice Chair, FPC). Aide: Cllr Paul Tilsley. Hall Aide: Sally

Burnell.

F34 Promoting a Fairer Distribution of Wealth

11 members

Mover: Lord Newby.

Summation: To be announced.

Conference notes that:

i) Wealth is extremely unevenly distributed in the UK, with 45% of

UK wealth owned by 10% of households, and just 9% owned by

the bottom 50%.

ii) Wealth inequality is twice as severe as income inequality, as

measured by the Gini coefficient.

iii) Between 2010 and 2014, over half of the net increase in wealth

was received by the top 10% of households.

iv) Although UK net wealth has increased from around 300% to

almost 700% of GDP over the last 60 years, wealth taxes bring in

revenue worth only around 4% of GDP, the same proportion as

in the mid-1960s.

v) Wealth inequality is expected to worsen in the coming years,

due to stagnant wages and rising debt, automation, growing

numbers of young people unable to get on the housing ladder or

save for the future, and an increasing flow of inheritances.

vi) Liberal Democrats have long advocated for raising a greater

share of tax revenue from wealth, and have previously called for

reforms to inheritance tax, capital gains tax, pension tax relief

and property taxation to achieve this.

64 AGENDA AUTUMN CONFERENCE 2018

Tuesday 18 September

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