Wealth

(asked on 5th July 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an estimate of the number of people with wealth over £10 million in each of the past 10 years.


Answered by
Lucy Frazer Portrait
Lucy Frazer
Secretary of State for Culture, Media and Sport
This question was answered on 14th July 2022

The tax information HMRC holds does not include comprehensive data on the wealth of taxpayers.

The Office for National Statistics undertakes a Wealth and Assets survey biennially, which can be found here: https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/datasets/totalwealthwealthingreatbritain.

Table 2.5 provides a percentage of households estimated to have wealth of over £1 million. The most recent estimate was 17 per cent of households.

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