UK Wealth Gap Widens Over the Last Decade

The UK’s wealth gap has been widening over the past decade, a report says.

Think tank the Resolution Foundation estimates 1% of adults, some 488,000 people, own 14% of the nation’s assets – worth about £11 trillion.

At the other end of the financial scale, 15% (7.3 million people) either own no assets at all, or are in debt.

The government has responded to the findings by insisting that income inequality is at its lowest level since the mid-1980s.

BBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.