British experts call for wealth tax as elite 1% owns quarter of UK wealth

quarter of household

Nearly a quarter of household wealth in the UK belongs to the richest one percent of the country’s population, according to the latest research by Resolution Foundation, which has sounded the alarm over growing inequality.

The tiny minority currently holds almost £800 billion more wealth than suggested by the country’s official statistics, the study reveals, suggesting that this could be a conservative estimate and the actual figure could be even higher.

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