Who Owns Britain? UK wealth facts, with sources — independent — verify everything

Who owns Britain — and why does it feel like you’re going backwards?

Every claim on this site is a plain-English answer to a question millions of people are asking, backed by primary sources you can check yourself: ONS, LSE, Oxfam, the Wealth Tax Commission, the Joseph Rowntree Foundation. No spin. Just the numbers and where they come from.

4 million
How many children in the UK are living in poverty, and are most of their parents actually working?
children living in poverty in the UK (about 27%)
456x
Do the richest 1% really own more wealth than the bottom 70% of people in the UK?
richer than the average person in the poorest half
~0%
Do working people really pay 50% tax while billionaires pay close to nothing?
effective tax rate achievable by billionaires who borrow against assets
Suspended
Are the official statistics on UK wealth inequality even accurate?
official accreditation of the ONS Wealth and Assets Survey, June 2025
£24bn
How much would a 2% wealth tax on assets over £10 million raise, and how many people would it affect?
estimated annual revenue from a 2% tax on wealth over £10m
0.59
Is wealth inequality in the UK much worse than income inequality?
wealth Gini coefficient (0 = equal, 1 = one person owns everything)
$35m
Did Gary Stevenson really make $35 million betting that inequality would break the economy?
profit in a single year (2011), aged 24, trading the inequality thesis
$500m
Has anywhere actually voted to tax the rich — and gone through with it?
expected annual revenue from New York's new tax on luxury second homes, passed May 2026
NOK 29bn
Norway taxed the rich, some millionaires left — did it backfire?
raised by Norway's wealth tax in 2023 — up from 26bn the year before, despite the 'exodus'
250+
Do any of the super-rich actually want to be taxed more?
millionaires and billionaires who signed the 'Proud to Pay More' letter demanding higher taxes on themselves
£30.3m
How fast did UK billionaire wealth grow while the rest of us barely moved forward?
average daily increase in UK billionaire wealth
Deeply negative
Has the UK government's wealth really collapsed while private wealth soared?
UK public sector net wealth as % of GDP, while private wealth soared
0%
Do people who inherit wealth pay less tax than people who work for it?
capital gains tax due on a lifetime of asset growth when assets pass on at death, because the gains clock is reset
£293,700
How do rising house prices and rents actually move money from workers to the wealthy?
UK median household wealth, masking the vast gap between owners and renters
3.4%
Is it fair to compare taxes on wages with taxes on wealth?
the true tax rate paid by the 25 richest Americans on their wealth growth, 2014 to 2018
£260bn
Could a one-off wealth tax really raise £260 billion for the UK?
estimated yield from a one-off UK wealth tax
0.01%
Would a wealth tax cause millionaires to leave the UK?
of wealthiest households who relocated after Scandinavian wealth taxes

Handouts — download and share

The Great Wealth Heist
A survival guide to the modern economy — why you're exhausted, why they're filthy rich, and how to change the rules. 15 slides.
PDF ↓
The Extraction Engine
How rising asset prices quietly transfer the value of your work to people who already own everything. 11 slides.
PDF ↓
Taxing Extreme Wealth
The case for a 2% tax on assets over £10m: who pays, who doesn't, and what £24bn a year buys. 15 slides.
PDF ↓