London leads widening UK wealth gap since global financial crisis

In Scotland and across southern England, the wealth gap has narrowed during the past decade

The breadth of wealth inequality in the UK 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.

The value of household assets such as property, pensions, financial assets and possessions swelled to 12.8 trillion pounds ($17 trillion) in 2014–2016 from pre-crisis levels of 10.1 trillion pounds, after adjusting inflation, the think tank said. 

The wealth of the richest grew 22 per cent compared with 13 per cent for