Economics

London Leads Widening U.K. Wealth Gap Since Financial Crisis

Richer Londoners have 24 times more wealth than poorer ones
Least affluent households are still worse off than before 2008

Pedestrians walk past clocks in the Canary Wharf financial, shopping and business district in London, U.K.Photographer: Simon Dawson

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By Karoliina Liimatainen

August 31, 2018 at 11:01 PM UTC

This article is for subscribers only.

The breadth of wealth inequality in the U.K. was laid bare in new analysis published Saturday.

While the divide is most pronounced in London, where richer households are now 24 times wealthier than poorer ones, other regions have experienced a similar trend since the global financial crisis, according to the Resolution Foundation.