UK's wealth rises as land values soar by £450bn in a year

Land now 51% of UK's net worth - a huge transfer of wealth to landowners, say campaigners

A dramatic rise in land values pushed Britain's wealth to a fresh high of more than 10tn last year, highlighting the huge gains made by developers in property hotspots across the UK.

From London and the home counties to Cambridge and popular parts of Devon and Cornwall, land values have become the single largest element of wealth, dwarfing household wealth locked up in property and financial savings.