I borrow this, shamelessly and with his permission, from Alex Andreou in the New Statesman:
“I'm not here to defend privilege. I'm here to spread it”, says Cameron. The delegates cheer ecstatically. But what is the reality behind the one-liner? Privilege is by definition what one has above what others have. The very core of privilege is inequality. In short, the prime minister of a country in which less than 10 per cent of the population control more that 50 per cent of the wealth, wants more inequality. Of course he does, he is part of that 10 per cent.