Wealth of Britain’s 157 billionaires now equal to 22% of country’s GDP

This ‘ghost GDP’ shows how headline economic growth is increasingly disconnected from reality for most, says report UK politics live – latest updates Business live – latest updates The wealth of Britain’s 157 billionaires is now equivalent to more than a fifth of the country’s entire GDP, according to analysis by the Equality Trust – a fivefold increase since 1990. The charity describes the trend, based on data in this year’s Sunday Times rich list, as Britain’s “ghost GDP”: headline econo...

By Amelia Hill