Top 1 percent has almost £800 billion more wealth than official stats show

News Team, 04/01/2021

The Office for National Statistics' (ONS) main data on wealth misses almost £800 billion of assets held by the richest 1 percent of households, a new study shows.

Correcting for this oversight means UK wealth inequality is higher than previously thought, according to new Resolution Foundation research published yesterday (3 January).

The Missing Billions examines the scale and distribution of wealth across the UK, and finds that official measures mis...

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