The Sunday Times Rich List has been revealed for 2022 – and it shows that the wealthiest people in the UK have grown their fortunes to a record £170 billion this year.
The annual list details the wealthiest 250 people in the UK and, alongside the current Chancellor of the Exchequer, this year’s super-rich list features ten people from the North West – including a couple of lads from Salford.
According to The Times, Rishi Sunak is the first-ever frontline political figure to feature in its list since it began in 1989. He and his wife, Akshata Murty, join the 2022 list with a combined £730m fortune just days after the Chancellor told people the ‘next few months will be tough’.
This year’s list also includes a record number of 177 UK billionaires, six more than in 2021,
The full list, now in its 34th year, shows that whilst millions in the country are enduring extreme hardships as UK inflation hits its highest rate in 40 years, those at the other end of the scale are still enjoying all the spoils of the free market.
As The Timesitself states: “This year’s analysis shows a golden era for the super rich has continued unchecked.
“This year’s top 250 now have more wealth than the entire 1,000 entries of the 2017 Rich List.”
On the 2022 North West list, Michael Platt, a 53-year-old Preston-born hedge fund manager and Tory donor who resides in Switzerland, has seen his fortune rise by £2bn in a year to make him the wealthiest in the region.
In 2020, Platt’s hedge fund BlueCrest Capital Management was fined $170million for misleading its investors and was accused of using a separate fund, run by its top traders, that invested employee’s money.
Platt has knocked the Cheshire-based 7th Duke of Westminster, Hugh Grosvenor, off the top spot – placing Prince George’s billionaire godfather at second place in the North West with a fortune of £9.726bn.
In third place is Jim Ratcliffe, the Oldham-born CEO of the Ineos chemical group. Worth £6.075bn, he has recently made headlines for making a failed bid to buy Chelsea football club – leading to speculation that he may now turn his attention to Manchester United instead.
63-year-old Liverpudlian Tom Morris, the founder of the ever-popular Home Bargains, is fourth on the regional list – £766 million richer than last year.
Rochdale brothers Mohsin and Zuber, the Lancashire-born founders of Euro Garages and new majority shareholders in Asda, have increased their wealth by £50m. The duo is now worth £4.73bn.
Sixth on the list are B&M founders Simon, Bobby and Robin Arora with a combined wealth of £2.543bn, followed by former Trafford Centre owner John Whittaker (of the Peel Group) at £1.6bn.
Henry Moser of Cheadle-based finance group Together sits in ninth place with a fortune of £1.565bn, and last on the list are Fred and Peter Done, owners of the bookmaking chain Betfred.
The Rich List bases its findings on what is called ‘identifiable wealth’, meaning that which can be publicly seen. This includes values of land, property, art, horses, and shares in public companies.
The paper is unable to access bank accounts or other private finance records. The full list can be viewed on The Times website here.
Feature image – Flickr / Wikimedia Commons / Wikipedia
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Marcus Rashford officially unveiled as a Barcelona player after sealing blockbuster loan move
Danny Jones
Manchester United star and England international Marcus Rashford has officially been unveiled as an FC Barcelona player after signing a new loan deal with the iconic Catalan club.
While Rashford remains a favourite among millions of Man United fans, his time at The Theatre of Dreams has been somewhat turbulent of late, to say the least, and the relationship between him and manager Ruben Amorim was such that it was made clear the lifelong Red was no longer part of his plans.
Having spent the second half of last season on loan at fellow Premier League side Aston Villa, following a fairly uncertain January transfer window, when a move to Barcelona first emerged as a possibility.
The Wythenshawe winger went on to register a combined seven goals and assists in his first half a dozen starts over in Birmingham and quickly became popular among many supporters, but it looks as though his eyes were always set on a switch to Barca.
Leaks of the Mancunian-born and bred footballer and MBE were shared online on Tuesday, 22 July, with Rashford’s arrival at the airport and snaps of him carrying out his first media photoshoot ahead of being unveiled in the famous red and blue stripes appearing on social media.
Joining the Blaugrana on loan under an initial 12-month contract, the deal is reported €14 million (approximately £12m) gross in salary plus bonuses linked to appearance clauses. It was Rashford’s significant wages that made Villa and other clubs’ pursuits challenging.
Most notably, however, the agreement is said to include an option to buy, which would see Barcelona secure Rashford on a permanent basis for an estimated fee of £26 million including add-ons.
At 27 years old and with more goals than United legends like Andy Cole, Tommy Taylor and his ex-manager Ole Gunnar Solskjær – more than 30 of those coming against the ‘big six’ – plenty has been made of whether this price is a fitting representation of his value and talent when at his blistering best.
Nevertheless, it appears that his new home fans have no shortage of excitement, as it didn’t take long for street art to hit the streets of Barca; in fact, this particular mural was painted before Rashford had even officially joined, and people lined up outside the Nou Camp to watch him arrive at the hallowed stadium.
Marcus Rashford artwork is already on the streets of Barcelona 🔥🎨
Echoing shades of Scott McTominay’s somewhat reluctant move to reigning Italian champions, Napoli, not only does Rashford’s second spell away from his boyhood club seem it could be very well be a long goodbye, but we’ve already seen a few first-team Red Devils excel after leaving Old Trafford.
For instance, Brazilian forward Antony hit the ground running after joining Real Betis on loan (with the club joking that they needed to start a “crowdfunded to keep him“), and now former fellow academy graduate Elanga has moved to his second team post-United, joining Newcastle for a hefty £55m.
Between them, they contributed to 32 goal involvements since donning a different shirt – the latter doing so in just a matter of months.
Even Jadon Sancho managed to regain some semblance of form after rejoining Chelsea on a short-term deal, scoring the penultimate goal in the Conference League final against the aforementioned Betis, though the west London outfit ultimately opted to pay a penalty to avoid their obligation to buy.
Put it this way: if this is set to be the final farewell from the now-ex-number 10 after more than two decades in Man United colours, it isn’t as simple as a fallout with the gaffer or the player just ‘wanting away’. It’s part of a larger and longer-running pattern.
His old teammate, Paul Pogba, also believes his old club are ‘losing a great player‘.
As Gary Lineker hinted at in his recent interview regarding Rashford and Barca, who was the last Englishman to join the La Liga giants nearly 40 years ago, there seems to be a running theme and “problem” over in the red half of Manchester.
Rashford will wear the number 14: the same number that retired Arsenal and legendary French footballer Thierry Henry wore when he arrived at Barcelona – a player who Marcus had made no secret of idolising growing up and mirrors much of his game on.
Do you think it’s the right decision by Rashford and/or Manchester United?
🗞️ Marcus Rashford has joined Barcelona on a season-long loan.
Government reportedly considering introducing two-hour screen time limit for children
Emily Sergeant
Reports are suggesting that the UK Government is considering introducing two-hour screen time limits for children.
With an announcement on the matter expected later this autumn, Sky News is reporting that social media limits for children are being planned by the Government in a bid to tackle what is being referred to as ‘compulsive’ screen time usage – with Technology Secretary Peter Kyle admitting he is concerned about ‘the overall amount of time kids spend on apps’ these days, as well as the content they see.
Following meetings with current and former employees of some of the country’s major tech companies, a two-hour cap per social media platform is being ‘seriously considered’.
It is understood that, according to reports, instead of simply just being reminded of how long they have been scrolling for, children would actually be blocked from accessing apps, such as TikTok or Snapchat, once they have hit the limit.
The Government is considering introducing a two-hour screen time limit for children / Credit: RawPixel / Flickr
“I’ll be making an announcement on these things in the near future,” Mr Kyle told Sky News in an interview this week, “but I am looking very carefully about the overall time kids spend on these apps.”
He continued: “I think some parents feel a bit disempowered about how to actually make their kids healthier online.
“I think some kids feel that sometimes there is so much compulsive behaviour with interaction with the apps, they need some help just to take control of their online lives, and those are things I’m looking at really carefully.
“We talk a lot about a healthy childhood offline. We need to do the same online. I think sleep is very important, to be able to focus on studying is very important.”
The proposed limit is to help prevent ‘compulsive’ scrolling / Credit: William Hook (via Unsplash)
Mr Kyle admitted that, while children spending hours viewing content on social media isn’t ‘criminal’, but the overuse of some of these apps in particular is ‘unhealthy’.
“I think we can incentivise the companies,” he continued.
“We can set a slightly different threshold that will just tip the balance in favour of parents, [so that they’re] not always being the ones having to rip phones out of the kids’ hands and having a really awkward and difficult conversation around it.”
The upcoming proposed screen time limit comes after 1,000 pupils – mostly aged 14 and 15 – at schools in the North East town of Darlington spent a year participating in regular focus groups about smartphones and social media.
The survey found that 40% of them spent at least six hours a day online, and one in five even spent as long as eight hours scrolling.
Georgina Pellant -
20th May 2022 
