Millionaire lifestyle will cost you £2.6m

Inflation is a killer. Just ask your nearest millionaire. In 1992 £1m could pay for a house in Kensington and Chelsea, a Rolls Royce, a seagoing deluxe yacht and holiday homes in Tuscany and Cornwall.

Now one mill' will struggle to buy a large-ish four-bed piece of Victoriana in East London, a basic model luxury watch and a bottom spec SUV.