Sunday, June 18, 2017

1% own £11 trillion.

The UK's wealth gap has been widening since the mid-2000s, a report says.
Think tank the Resolution Foundation estimates that 1% of the population owns 14% of the nation's assets - worth about £11 trillion.
At the other end of the financial scale, 15% either own no assets at all, or are in debt.
"Given the hugely unequal distribution of wealth across Britain, it's time we looked into how the nation's wealth is divided up and what the consequences are for those who never build up assets of any significance," said Conor D'Arcy, policy analyst at the Resolution Foundation.

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