Richest 1% of UK households are worth at least £3.6m each

New ONS figures reveal inequality gap growing ever wider before the coronavirus pandemic

The richest 1% of households in the UK each have fortunes of at least 3.6m, according to new official figures that show the inequality gap was yawning even before the pandemic struck.

At the other end of the scale, the poorest 10% of households have just 15,400 or less, with almost half burdened with more debts than they had in assets, according to figures released on Friday by the Office for National Statistics (ONS).