Wealth of Britain’s 157 billionaires now equal to 22% of country’s GDP
This ‘ghost GDP’ shows how headline economic growth is increasingly disconnected from reality for most, says report
*
UK politics live – latest updates
*
Business live – latest updates
The wealth of Britain’s 157 billionaires is now equivalent to more than a fifth of the country’s entire GDP, according to analysis by the Equality Trust – a fivefold increase since 1990.
The charity describes the trend, based on data in this year’s Sunday Times rich list, as Britain’s “ghost GDP”: headline economic growth increasingly disconnected from everyday life. Continue reading...
