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British families have suffered the biggest fall in wealth in the developed world
(www.telegraph.co.uk)
British families have suffered the biggest fall in wealth in the rich world since the pandemic.
The average Briton’s wealth has fallen by more than a fifth over the last five years, according to UBS. The slump is the worst seen across the 37 countries it surveyed.
Typical individual wealth has fallen by around £28,500 since 2020 after accounting for inflation.
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Britain suffered a worse inflation shock than other developed nations as energy costs leapt.
A slowdown in the housing market has also fuelled the wealth slump.
British families have suffered a bigger blow than those in countries such as Turkey, Bulgaria, Mexico and Kazakhstan over the past five years.
Britannia Delenda Est