FACTCHECK
In Jeremy Corybn’s Labour conference speech, he claimed that "14 million people are living in poverty in ours, the fifth richest country in the world”.
He was correct about poverty numbers, but his figure on wealth is flawed.
The UK is either the sixth- or ninth-richest country in the world based on the total GDP (that’s the total value of all goods and services).
But Mr Corbyn's point seems to be about inequality and the potential to redistribute the UK’s wealth more evenly. For this, GDP per person would be a better measure as we need to know how wealthy the average person is.
In terms of GDP per person, the UK is the 20th-or 27th-wealthiest country in the world.
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