Barbara Stocking, Oxfam's chief executive, said a "global new deal" was needed to reverse decades of increasing inequality.
We can no longer pretend that the creation of wealth for a few will inevitably benefit the many - too often the reverse is true.
Concentration of resources in the hands of the top 1% depresses economic activity and makes life harder for everyone else - particularly those at the bottom of the economic ladder.
In a world where even basic resources such as land and water are increasingly scarce, we cannot afford to concentrate assets in the hands of a few and leave the many to struggle over what's left.
More top news
The MP for Kettering has pleaded with Lindsay Lohan to honour her Twitter pledge to switch on the town's Christmas lights.
Home Secretary Amber Rudd told ITV News that the most vulnerable children from the 'Jungle' camp were going to be brought to Britain.
A cloudy afternoon for many areas across the UK. The winds also strong with gusts on western coasts of Scotland. Temperatures remain mild.