The richest 1 per cent of people in the UK are now wealthier than 70 per cent of the population combined, according to analysis by Oxfam.
A report by the charity highlights how the 685,500 richest people in Britain are worth a total of £2.8 trillion, compared with 48 million people in the UK whose combined wealth totals £2.4 trillion.
Oxfam’s report, called Survival of the Richest, builds a picture of widening worldwide inequality, after extreme poverty and extreme wealth increased simultaneously over the past two years for the first time in quarter of a century.
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Tag: 1 per cent
Richest 1% of people in UK now wealthier than 70% of population combined