
10 facts: The super rich
Most peoples'
earnings have been rising under Labour, but the top one per cent are doing
spectacularly better than everyone else. Whether they're pop stars and footballers,
or lawyers and City bankers - a few winners are taking an ever larger slice
of our national income
Here are 10 facts about the new wealthy elite.
There are 475,000 people
in the UK with an average income of over £200,000 a year, around 50,000
people earning more than £330,000 a year, and 25,000 more than £500,000.
Source: Tony Atkinson, Nuffield College, Oxford University
Anyone who has an income
of £92,000 or more pre-tax is in the top per cent of earners in the
country.
Source: Tony Atkinson, Nuffield College, Oxford University
The majority of those with
incomes over £100,000 per year (56 per cent) live in London, the South
East and East Anglia.
Source: Daniel Dorling, University of Sheffield/
Barclays Britain's highest
paid accountant earned £2.9m last year, the top paid lawyer pulled in
over £3m and the highest paid Chief Executive £7.4m.
Sources: Accountancy Age, The Lawyer, Incomes Data Service
Most people in Britain
earn less than £19,000 a year.
Source: Office of National Statistics - Annual Survey of hours
and Earnings 2004(Adult population in same full time employment for a year
or more)
Britain's richest one per
cent own 23 per cent of all personal wealth.
Source: Inland revenue - figures for 2002
22 per cent of total income
tax in Britain is paid by the top one per cent of taxpayers - that's five
per cent more than a decade ago.
Source: Inland Revenue
In 1990 10 per cent of national
income went to the top one per cent. By 2000 it was 13 per cent.
Source: Tony Atkinson, Nuffield College, Oxford University
Since 1998 the average British
employee's income went up 35 per cent; the average FTSE 350 company boss's
income went up 163 per cent.
Source: Incomes Data Services
America's top bosses earn
over 300 times more than production workers on average. In 1982 it was 42
times more.
Source: "Executive Excess 2004" Institute of policy studies/ United
for a Fair Economy