Britain’s wealthiest people saw their fortunes rise to record levels last year, according to the annual Sunday Times Rich List, at a time when most Britons’ earnings and savings were squeezed by inflation and low interest rates.
The combined wealth of Britain’s 1,000 richest people swelled by almost five percent to more than 414 billion pounds ($670 billion), the highest recorded by the 24-year-old survey, the Sunday Times newspaper said in an advance release on Saturday.
Some 77 members of the 2012 rich list were billionaires, two more than the previous record in 2008.
Their good fortune contrasted with the economic plight of many Britons who face five years of austerity aimed at wiping out a record budget deficit as the economy struggles to recover from the 2008 financial crisis…
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Read More @ Britain’s richest see fortunes rise to record high | Reuters.
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