UK inequality widens

New research from Institute for Fiscal Studies suggests that the richest 1% in Britain have become increasingly concentrated in London over the past two decades, underlining the rise of inequality between the capital and the rest of the country.

London's share of the wealthiest 1% rose to 35% in 2014-15 from 29% in 2000-01.

Finding that the top 1% highest earners in the country are overwhelmingly middle-aged men living in London and the South East, the IFS suggest that the super-rich bunching together could distort their views on wealth.