Wealth inequality is almost twice as high as income inequality and, having fallen for most of the 20th Century, has increased over the past decade, says the Resolution Foundation.
Over one in ten people across Britain own second homes, buy-to-let and overseas properties worth £941bn, according to new research by the Resolution Foundation.
National Audit Office says it would be a concern if departments are selling land and property to support day to day running costs, but the NAO cannot say whether this is the case.
Foreign companies owning UK properties will be required to reveal their ultimate owners on the world’s first public register of overseas entities’ beneficial ownership.