Britain’s richest 1% own as much as poorest 55% of population

Guardian:

ONS figures reveal growing wealth disparity and north-south divide, with nation’s top 10% owning 44% of household wealth.

Kensington Palace Gardens

Britain’s richest 1% have accumulated as much wealth as the poorest 55% of the population put together, according to the latest official analysis of who owns the nation’s £9.5tn of property, pensions and financial assets.

In figures that also lay bare the extent of inequality across the north-south divide, the Office for National Statistics said household wealth in the south-east had been rising five times as fast as across the whole country.

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Categories: Europe, UK

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