Total UK wealth tops £10tn thanks to City and property boom

Soaring value of homes and financial assets will fuel debate about inequality, as report reveals many Britons are not saving

A booming City and rising house prices provided a double boost to Britons holding assets in 2016 as they pushed the nation’s wealth through the £10tn mark, according to a new survey.

Lloyds Bank’s private banking arm said total household wealth in the UK increased by £892bn last year – with the property and financial markets each responsible for half the rise.

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