The 1,000 wealthiest Britons now own £518.975 billion - the equivalent of a third of Britain’s gross domestic product (GDP) - with their combined worth rising 15.4 per cent on last year's total of £449.654 billion, according to the Sunday Times Rich List.
The top 64 names have a combined fortune of £255 billion, which is equivalent to the combined wealth of the poorest 30 per cent.
Chris Leslie, Labour's Shadow Chief Secretary to the Treasury, said: “No wonder the super-rich have got much richer over the last year when David Cameron has given millionaires a huge tax cut.
“Yet at the same time working people have continued to face a cost-of-living crisis and are £1,600 a year worse off since 2010.” A minimum of £85 million is needed to even be considered for the list this year - compared to £80 million in 2008 at the height of the pre-crash boom and £75 million last year. » | William McClennan | Sunday, May 18, 2014
