The five richest families in the UK are wealthier than the bottom 20 per cent of the entire population and the gap between the rich and the rest has grown significantly over the last two decades, according to new figures published today by Oxfam.
The agency warned that just five UK households have more money than the poorest 12.6 million Britons – almost the same number of people as those living in households below the UK poverty line.
Oxfam’s figures also show that over the past two decades the wealthiest 0.1 percent have seen their income grow nearly four times faster than the least well off 90 percent of the population. In real terms, that means a wealthy elite have seen their income grow by £24,000 a year, enough to buy a small yacht or a sports car, whilst the bottom 90 percent of Britons’ incomes have gone up by only a few pounds a week. The average UK salary is £26,500-a-year.
via Five richest UK families have more wealth than the 12m poorest Brits.


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