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

Gold Rally Continues on Geopolitical Jitters

GBP/USD – Pound Steady as UK Manufacturing Production Matches Estimate

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

Latest posts by Craig Erlam (see all)