Brexit vote wiped $1.5tn off UK household wealth in 2016, says report
by Phillip Inman Economics correspondent from on (#22H2K)
Oxfam criticises rising inequality as Credit Suisse finds about 400,000 Britons have lost their status as dollar millionaires
The UK saw $1.5tn (1.2tn) wiped off its wealth during 2016 after the Brexit vote sent the pound tumbling and the stock market into reverse, according to a survey by Credit Suisse.
A fall in values at the top-end of the property market also contributed to about 400,000 Britons losing their status as dollar millionaires and one of the biggest drops in wealth among the major economies.
Related: RBS chairman calls on Theresa May to draw up Brexit transitional plan
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