Column
Character
Culture
Economics
4 min read

This revolting rich list is a freak show

What are we to make of this quite nauseating spectacle?

George is a visiting fellow at the London School of Economics and an Anglican priest.

A collage of famous, rich, people such as King Charles, Elton John and others.
The Sunday Times.

General elections are no longer a clear choice between socialism and capitalism, but we should still be as offended by the privilege of the few over the poverty of many. That’s only natural, whether we’re informed by envy, a secular sense of fairness or a religious faith.

The yawning chasm between rich and poor in the UK is offensive. When PM Rishi Sunak was drenched in his vale of tears this week outside Number 10, as he announced the general election, he was seeking a mandate to preside over this inequality, in which he so richly participates.

He stood there exactly three days after he and his wife waved from the pages of the Sunday Times Rich List, based on the newspaper’s “conservative estimates of the minimum wealth of Britain’s 350 richest people.”

The Sunaks stood at 245th on the list with a measly £651m. Just 20 years ago, when I was in business, that figure would have put them near the top. Some of my business contemporaries had even made the Rich List with just a few tens of millions.

Not anymore. Mere multimillionaires barely make the cut. The ever-widening gulf between the super-rich and the rest of us means that the top 165 of last Sunday’s list of 300 are now billionaires, compared with just 20 a quarter of a century ago, while the “bottom” of today’s heap struggle by as half-billionaires. 

It does make you wonder what the Sunday Times is doing with this revolting annual survey. It has become such an anachronism since it started in the Eighties, when greed was good and we worshipped Croesus impersonators.  

Every year, we’re invited to press our noses up against their plate-glass window and drool at a world that’s as alien as a pharaoh’s to the slaves building their pyramid. What do they want from us for this display of greed? Envy?   

Times (even on Sunday) have changed and the Rich List satirises itself. Look at the ads that support it. There’s one for a 122-metre yacht that can be chartered for three million euros a week. A few pages later there’s one for a Swiss clinic “for the treatment of mental health and issues of substance and behavioural dependency”. Could these ads be related?  

So what the Sunday Times is presenting is a kind of freak show. Roll up, roll up, see the people who are tax exiles from the planet. 

The Rich List is just for the British mega-rich. So no room here for Meta-billionaire Mark Zuckerberg or space-wingnut Elon Musk. But it’s nice to see at the top of the list, with just a couple of hundred million over the £37bn-mark, the Hinduja family, whose leading lights so publicly acquired British passports some years ago, with or without government help.  

And here’s Lakshmi Mittal (No. 8 with £15bn), who was recently accused of profiting from both sides of the Ukraine conflict, after a part-owned Indian company bought nearly £2.4bn of Russian oil since the start of the war. Which newspaper revealed this? Step forward the Sunday Times.  

And there’s vacuum magnate Sir James Dyson (No. 5 with £21bn) who backed Brexit and then moved his global HQ to Singapore. That’s the beauty of being so rich; you can escape the consequences of your own actions. 

Most of the list is what similarly might be called colourful. These cannot, by virtue of their economic separation, be normal people. So what the Sunday Times is presenting is a kind of freak show. Roll up, roll up, see the people who are tax exiles from the planet. 

Money is its own reward. But ultimately its power is empty. 

What are we to make of this quite nauseating spectacle? Sure. there is no virtue in poverty. But nor should there be a prosperity gospel, which holds that the righteous are financially rewarded, other than in the outer reaches of an American charismatic movement. 

Among the things that make us go “hmm” in this report is the attitude to life. Phones 4u founder John Caudwell (No. 109, £1.5bn) says “If I stopped I’d probably be desperately unhappy.” Hmm. New entrant to the list Graham King (No. 221=, £750m) made his fortune from public money contracts for accommodation for asylum seekers that inspectors have described as “decrepit” and is currently the subject of charges under the Housing Act 2004. Hmm. 

Cursed are the rich, for they shall lose touch with reality. That’s not a heretical rewrite of the Sermon on the Mount, with its “Blessed are...” Beatitudes. There are actually four lesser known woes in the Gospel of Luke: 

 “Woe to you who are rich, for you have received your consolation. Woe to you who are full now, for you will be hungry. Woe to you who are laughing now, for you will mourn and weep. Woe to you when all speak well of you, for that is what their ancestors did to the false prophets.” 

These woes aren’t about revenge. But they do speak to the consequences of extreme wealth – such as profiteering from desperately vulnerable people or working so hard you can’t think properly. 

Money is its own reward. But ultimately its power is empty. Today, the Sunday Times should be as ashamed of idolising it as those it lionises for making so much of it.  

Article
Character
Creed
Leading
Politics
5 min read

World leaders can learn a lot from Pope Leo

Graham Tomlin was at the Pope's inauguration in Rome. This is what he noticed.

Graham is the Director of the Centre for Cultural Witness and a former Bishop of Kensington.

A VIP couple stand and talk with the Pope.
Usha and J.D. Vance meet the Pope after his inauguration.
Vatican Media.

On Sunday morning, along with a host of bishops, patriarchs, priests and assorted others, I was led around the back of Peter's Basilica in Rome, into the cavernous spaces of that extraordinary building.

As we walked through the echoing church with the sunlight slanting through the windows like shafts of light from an angelic realm, our small group of Anglicans waited for our turn to walk out into the blinding sunshine. The names of the churches were ticked off like a game of ecclesiastical bingo: “Coptic Orthodox Church of Alexandria? OK.” Syriac Orthodox Church of Antioch? – This way please. “Armenian Apostolic Church – just wait a minute…” 

As we moved through the front doors of the Church, the first thing we saw was a crowd of 200,000 people stretching as far as the eye can see. Behind us was the imposing face of St Peter’s, that great monument to Catholic supremacy and authority. The world’s media looked down from the balconies above us. Opposite our seats were the rich red velvet chairs ready for President Zelensky, J.D. Vance, and the heads of state of numerous countries across Europe and beyond.  

As we walked out, I turned to a friend in our group, and instinctively said to him, “you'd need to be someone of remarkable humility not to let all this go to your head.” 

I couldn't help thinking of Robert Prevost, who was about to walk through these doors, a man who was made a bishop in 2015 - only became a cardinal two years ago, and was now to find himself the focus of rapt attention by this vast crowd and millions of others on TV, as the spiritual leader of 1.4 billion Catholics, catapulted from relative obscurity to being the most famous man in the world within a couple of weeks. 

St Peter’s is designed to impress. The piazza in front of the church is surrounded by imposing statues of apostles, saints, martyrs, and fathers of the church, all looking down on proceedings below. It was this church that inadvertently triggered the Reformation, as a fund-raising scheme for its construction involved selling some indulgences in Germany that raised Martin Luther’s fury. The frontage, with its soaring pillars, grand windows, sumptuous balconies and rich tapestries, is meant to overawe you. Inside, the space is huge, with vast windows letting in the light, stunning works of art everywhere. This was a display of the Renaissance papacy, leading into the Counter-Reformation, the confident Baroque spirit that announced the triumph of the Church over all its enemies. 

A Pope with a streak of vanity would be a dangerous thing. Everything points to the power of this position – the successor of Peter, the one on whom the rock of the Church was to be built; the leader of the largest body of Christians in the world; someone instantly recognisable across the globe, to whom world leaders have to come, cap in hand. No wonder some popes in the past have become political manipulators, vying with emperors and kings over who has more power.  

Yet these days, the Catholic Church sounds a humbler note. Pope Francis started the church down a line of ‘synodality’, inviting other voices into the church’s deliberations rather than just male priests. Pope Leo seems to want to continue down that line. 

Referring to his election he said: 

 “I was chosen, without any merit of my own, and now, with fear and trembling, I come to you as a brother, who desires to be the servant of your faith and your joy, walking with you on the path of God’s love.” 

The tone was not of self-aggrandisement, asserting the power of the position. There was no strategy to dynamically change the church and the world. No grand design to use the levers of power to shape society according to his vision. Instead, this was about unleashing a more elusive and uncontrolled force: the power of self-denying compassion.  

As Pope Leo put it: 

“The ministry of Peter is distinguished precisely by self-sacrificing love, because the Church of Rome presides in charity and its true authority is the charity of Christ. It is never a question of capturing others by force, by religious propaganda, or by means of power. Instead, it is always and only a question of loving as Jesus did.” 

Now that’s different from the way popes have sometimes spoken in the past. The Church has no power other than the power of love – the kind of self-sacrifice seen in the life of Christ. If the pope ‘presides’, as Presidents do, he ‘presides in charity’. A little different from some other Presidents I can think of.  

Admittedly we don’t know much about him yet, But Bob Prevost strikes you as a humble man. Someone who can turn down a place at Harvard Law School to go instead to serve the poorest communities in Peru for 20 years, sleeping on the floor of huts, travelling by donkey to remote villages, unnoticed and obscure, suggests a distinct lack of self-importance. You don’t canvas to become pope, announcing your candidacy, working your way up the ranks, arguing your merits to the electorate. Instead, you get on with what you do, and if the call comes, you follow it.  

As Pope Leo, he will need that humility as he takes on this role for the rest of his life. He will need it to resist the subtle lure of the deference others offer him, the adulation he will receive wherever he goes, the buildings he lives in, the magnificence of the popes who went before him, the way people will hang on his very word. The temptation to think that Bob Prevost is, after all, a mighty big fish, someone whose talents have got him to this point will be strong.  

But if he gives in to that temptation, he will slip back into the run of the mill way of the world, lording it over those he oversees. He seems aware of the slippery nature of such a position. Whoever was called to be the successor of St Peter, he said, needed to exercise oversight “without ever yielding to the temptation to be an autocrat, lording it over those entrusted to him. On the contrary, he is called to serve the faith of his brothers and sisters, and to walk alongside them." 

It was Jesus who said:

“Among the nations, their rulers lord it over them. But it is not so among you. Whoever wants to be great among you must be your servant.” 

Other Presidents, prime ministers and patriarchs could take a leaf out of that book.  

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