Britain One of the Worst Wealth Losers Among Major Economies Under Reeves

Britain saw one of the steepest drops in household wealth among major economies in 2024, with only crisis-hit Turkey posting a worse performance, according to UBS’s latest closely-watched annual Wealth Report. Are you surprised?

Figures show average wealth in the UK fell by 3.6% in 2024 – a sharp reversal from the steady growth of over 6% seen at the start of the decade.[…] Read the rest