1 in 65 UK adults are now a millionaires – while rich-poor gap widens

Britain now boasts 41 percent more millionaires than it did five years ago in a climate of soaring inequality, rising house prices and in-work poverty.

One in 65 British adults is now categorized as having a seven-figure fortune amid rising house prices and stock market gains, new data from Barclays reveals.

The bank’s prosperity index also shows that almost 50 percent of Britain’s new millionaires since 2010 reside outside London and the southeast of England.

Reading, Cambridge and Birmingham were found to be the most prosperous urban centers outside of Britain’s capital, while the east of England was found to be the third most affluent area.

Bristol was ranked the UK’s fifth most prosperous city, while Newcastle was ranked 10th most affluent urban center.

Read more  http://www.rt.com/uk/313631-british-adults-millionaire-inequality/

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