It is a strange country where, in the same week, we hear of councils going bankrupt while arms companies make billions. We are told that the government cannot afford to lift the two-child benefit cap , leaving families in poverty – and yet hundreds of millions are spent on a few Premier League footballers .

Fifteen years after Liam Byrne’s infamous note , it is clear that – far from there being “no money left” – no money is being made available. There is still plenty in the system, it is just not being shared fairly.

Britain has always been economically divided, but since Labour left power in 2010 the gap between rich and poor has exploded. Under 14 years of Conservative rule, everyday life got harder for most people: prices went up, living standards fell. Meanwhile the richest

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