Showing posts with label inheritance. Show all posts
Showing posts with label inheritance. Show all posts

Thursday, 17 July 2014

Most of the UK's wealth belongs to the richest fifth of the population

The richest fifth have around two thirds of the UK's total household wealth

To download the full pdf, click here

Explaining the data
This data is from the Office for National Statistics Wealth in Great Britain, Wave Three report covering the years 2010-12 (the most recent period for which data is available). The report can be found online at http://www.ons.gov.uk/ons/rel/was/wealth-in-great-britain-wave-3/2010-2012/index.html


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Tuesday, 13 May 2014

Income inequality in the UK - watch this shocking new video

Income inequality in the UK - watch this shocking new video
Income inequality has become an increasingly important political issue in recent months. Our new 3 minute animation outlines the size of the paygap and compares the situation with other European countries, where similar levels of total income are shared much more evenly, meaning that people at the bottom and in the middle have more.

The film highlights how:
  • pay for top bosses nearly doubled over the past decade, while ordinary workers wages remained the same
  • a FTSE 100 CEO earns four times as much in one year as the average worker does in their entire lifetime
  • if total incomes in the UK were divided as evenly as in Denmark or the Netherlands, 99 per cent of households would be better off by nearly £3,000 per year

 


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Tuesday, 15 April 2014

Nearly one third of all wealth in UK is inherited not earned

28% of all wealth in the UK is inherited

To download the full pdf click here

Explaining the data:
This is important because wealth ownership in the UK is incredibly unequal and inherited wealth only goes to the richest few. Most people don’t own any wealth whatsoever, while only 13% inherit anything. The original data come from HMRC statistics on inherited estates, and the Attitudes to Inheritance Survey


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Thursday, 10 April 2014

Top jobs dominated by ex-pupils from private schools: how wealth and power is passed on

People who went to private schools dominate top professions


To download the full pdf click here

Explaining the data:
These figures are provided by research from the Sutton Trust – a summary of findings can be found athttp://www.suttontrust.com/ news/fast-facts/ 



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Saturday, 15 March 2014

Family wealth more than ever influences ability to buy own house

80% of first-time house buyers depend on ‘Bank of Mum and Dad’

Download the full pdf here

Explaining the data:
The main figure comes from the Council of Mortgage Lenders from Dec 2011,http://www.cml.org.uk/cml/publications/ newsandviews/104/390. The restriction to those under-30 is because at older ages people are more likely to be ‘returners’ (i.e. we are less confident that they are truly first-time buyers). 


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Friday, 7 February 2014

Who owns all the land? 1% owns 47%



Download the full pdf here

Explaining the data:
This information comes from Kevin Cahill’s comprehensive analysis of land ownership in Britain, Who Owns Britain (Canongate, 2002).


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Friday, 24 January 2014

How likely are you to inherit?



Download the full pdf here

Explaining the data:
This information comes from a 2011 report by Dr Eleni Karagiannaki at LSE (‘Recent Trends in the size and the distribution of inherited wealth in the UK’). The original data come from HMRC statistics on inherited estates, and the Attitudes to Inheritance Survey. We define ‘real inheritance’ as any inheritance of over £2,000.


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