The Covid-19 crisis has been the first recession in 70 years to see rising levels of wealth.

This has led to widening wealth gaps as middle- and high-wealth households have amassed savings and benefitted from rising house prices, according to new research from Resolution Foundation.

Middle-wealth families have experienced the biggest relative wealth increase of 9 percent, up £7,800, taking their average total wealth to £80,500 per adult.

The richest 10 percent of families have experienced the biggest absolute wealth increase of over £50,000 over the past year. This takes their total wealth to £1.4 million ...