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Wealth in the UK – Distribution, Accumulation, and Policy - Oxford Scholarship Online
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Wealth in the UK: Distribution, Accumulation, and Policy

John Hills, Francesca Bastagli, Frank Cowell, Howard Glennerster, Eleni Karagiannaki, and Abigail McKnight


This book examines the key issues connected with the distribution of personal wealth in the UK and why wealth is now such an important factor in social differences and in public policy. Personal wealth in the UK totalled £5.5 trillion by 2010 (£9–10 trillion if occupational pension rights are included). Inheritance flows are equivalent to 4 per cent of national income each year. All households in the wealthiest tenth have more than 75 times the wealth of any of those in the bottom tenth. Absolute differences in wealth levels have increased substantially over the last 15 years, so wealth differ ... More

Keywords: personal wealth, wealth inequality, inheritance, public policy, taxation, means-testing, asset effects

Bibliographic Information

Print publication date: 2013 Print ISBN-13: 9780199678303
Published to Oxford Scholarship Online: September 2013 DOI:10.1093/acprof:oso/9780199678303.001.0001


Affiliations are at time of print publication.

John Hills, author
Professor of Social Policy and Director of the Centre for Analysis of Social Exclusion, London School of Economics

Francesca Bastagli, author
Research Fellow, Centre for Analysis of Social Exclusion, London School of Economics

Frank Cowell, author
Professor of Economics, London School of Economics