When economic growth and wealth is talked about, a simple story has taken root– London is rich, and our other regions are poor. But is this true?
The Equality Trust has today published its annual Wealth Tracker. It aims to make sense of the huge increase in wealth of the richest in society by providing comparisons with recognisable household items and bills.
This year it finds that the richest 1,000 people have more wealth (£547 billion) than the poorest 40% of households (£452 billion). Last year they saw their wealth increase by a staggering £28.151 billion, the equivalent of £77 million a day, or £893 a second.
Over the past 30 years, income inequality in the UK has grown at an alarming rate. This infographic shows the extent of this inequality, and how most people would be better off today if we lived in a more equal society. Please use the options at the bottom of this page to share this with others.