A rare peep at the finances of Britain’s 0.01%
The richest of the rich are even richer than thought—which means inequality may be rising faster than imagined, too
THEY ARE objects of both fascination and fury. But beyond the annual Sunday Times “Rich List”, which estimates the fortunes of Britain’s wealthiest, relatively little is known about the finances of the economic elite. Official statistics, which extrapolate from surveys of the general public, are good at guessing the incomes of middling sorts. But they find it harder to get an accurate picture of those with more unusual circumstances. The very richest are particularly elusive. As well as being frustrating for nosy parkers, this makes it harder to estimate inequality, which depends on an accurate understanding of the full extent of their loot.
This article appeared in the Britain section of the print edition under the headline “How the 0.01% live”
Britain June 29th 2019
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- Boris Johnson, Britain’s first French prime minister?
- The search for ways to keep the Irish border open after Brexit
- A rare peep at the finances of Britain’s 0.01%
- Seeking students and status, regional universities set up in London
- How Welshmen went from mining coal to pumping iron
- Leaving the EU is straining the union with Scotland
From the June 29th 2019 edition
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