I help rich people tackle inequality. Here’s how the cost-of-living crisis could be fixed

‘Families already under considerable financial strain are facing the prospect of a ‘cost-of-living tsunami’.’ Photograph: mtreasure/Getty Images/iStockphoto

I spent nearly a decade advising the UK’s wealthiest families on how to preserve their wealth. As we witness extraordinary hikes in the cost of living, we need to talk about the elephant in the room: wealth inequality.

The UK is the fifth largest economy in the world. Yet, Britain is the second most unsustainable of 36 major economies, according to recent research by L’Atelier BNP Paribas, an independent research subsidiary of the French bank. Depressed salaries coupled with high costs of housing and childcare have been a persistent problem in the country over the last few decades, and now, according to its report, extreme wealth inequality is threatening to provoke civil unrest.