A power divide underpins the UK wealth divide

Michelle McGagh
Updated
A jar of sterling coins is tipped on its side with the coins spilling out on to a wooden surface. The jar denotes a savings pot.
A jar of sterling coins is tipped on its side with the coins spilling out on to a wooden surface. The jar denotes a savings pot.

If the government still thinks reducing the highest rate of income tax and allowing huge companies and their top dogs to arrange their finances to avoid paying large chunks of tax money are good idea, it should have a look at the latest figures on wealth distribution.

The Office of National Statistics (ONS) has released household wealth figures that show the richest 1% in the country have accumulated as much wealth as the poorest 55% of the UK population.

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