The Guardian | Wealth of Britain’s 157 billionaires now equal to 22% of country’s GDP by Amelia Hill

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Britain’s 157 billionaires now control just under £670 billion—more than 22 percent of the nation’s GDP—a five‑fold increase since 1990 that the Equality Trust labels “ghost GDP” to illustrate how headline economic growth is increasingly disconnected from everyday life. While politicians point to rising GDP as evidence of a thriving economy, analysts such as Priya Sahni‑Nicholas and economist Gabriel Zucman argue that macro‑level indicators no longer reflect income gains for most people, citing the surge in wealth among the super‑rich and corporate tax‑avoidance tactics that inflate growth figures. The data show that the richest 50 families now possess more wealth than the poorest 34 million Britons combined, and that workers have endured the longest pay squeeze in living memory, highlighting a widening gap between wealth creation and broad‑based prosperity.

Read more: https://www.theguardian.com/inequality/2026/may/15/wealth-britain-billionaires-gdp-rich-list-inequality

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