Five billionaire families controlled the same wealth as 20% of the population (12 million people).
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.
The top 10% laying claim to 44% of household wealth – while the poorest half of the country had only 9%.
Over a quarter of households had credit card debt.
Rachael Orr, Oxfam's head of poverty in the UK said the figures were a "shocking chapter in a tale of two Britains".
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.
The top 10% laying claim to 44% of household wealth – while the poorest half of the country had only 9%.
Over a quarter of households had credit card debt.
Rachael Orr, Oxfam's head of poverty in the UK said the figures were a "shocking chapter in a tale of two Britains".
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