Income Inequality Soars With Five UK Families Wealthier Than Bottom 20%

Source: Huffington Post UK

The UK's five richest families have more cash between them than the poorest 20% of the entire population, 12.6 million Britons, with new research showing the chasm between rich and poor is growing wider.

The gap between the rich and the rest has grown significantly over the last two decades, according to new figures published today by Oxfam.

In the last 20 years, the wealthiest 0.1 percent have seen their income grow nearly four times faster than the least well off 90 percent of the population.

The five richest families in Britain have a combined wealth of £28.2 billion, according to Forbes, and the poorest 20% of the UK population, 12.6 million people,have a combined wealth of £28.1 billion.

Those families and individuals are:

Gerald Cavendish Grosvenor & family (£13bn)
David & Simon Reuben (£11.5bn)
The Hinduja Brothers (£10bn)
Charles Cadogan & family (£6.9bn)
Michael Ashley (£5.5bn)

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Read more: http://www.huffingtonpost.co.uk/2014/03/17/billionaires-uk-oxfam_n_4977201.html