Landowners reap benefits of soaring British land prices

UK's net worth rose by 803bn over the course of last year to stand at 9.8tn at the end of 2016, says ONS

Britain's landowners have emerged as the biggest winners from the country's largest yearly increase in national wealth on record, sitting on assets accounting for more than half of the net worth of nearly 10tn.

The UK's wealth rose by 803bn over the course of last year to stand at 9.8tn at the end of 2016, driven by a sharp increase in the value of land, contributing to the biggest annual rise since records began in 1995, according to the Office for National Statistics.

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