London Daily

Focus on the big picture.
Thursday, Jul 31, 2025

London is increasingly home to the top 1% by income, study finds

London is increasingly home to the top 1% by income, study finds

The richest 1% in Britain have become increasingly concentrated in London over the past two decades, according to research that underlines the rise of inequality between the capital and the rest of the country. Highest earners in the country overwhelmingly middle-aged men living in the south-east.

The Institute for Fiscal Studies said London had increased the proportion of top 1% highest income tax payers who live there by a fifth since the early 2000s, marking a growing concentration of income.

Finding that the top 1% highest earners in the country are overwhelmingly middle-aged men living in London and the south-east, the thintank said the super-rich bunching together could distort their views on wealth.

Robert Joyce, deputy director at the IFS, said: “This geographic and demographic concentration may be one reason why many of those on high incomes don’t realise quite how much higher their incomes are than the average.”
Guardian Today: the headlines, the analysis, the debate - sent direct to you
Read more

In a sign of the capital’s rising affluence compared with other parts of the country in the years since the turn of the millennium, London’s share of the top 1% had risen to 35% in 2014-15 from 29% in 2000-01.

More than half of the country’s top 1% live in London and the south-east, clustering together in as few as 65 parliamentary constituencies, compared with 78 at the start of the 2000s.

The findings come amid growing concerns over the rise of inequality in Britain over recent decades. Coupled with austerity and stagnant wage growth after inflation for average workers, inequality is viewed as being among key drivers for the country’s polarised political debate and among the reasons for the Brexit vote.

The IFS said it took an income of about £100,000 to be considered among the top 1% of high earners in Wales, the north-east and Northern Ireland. However, in London it was more than £300,000 a year.

In a sign of the extreme levels of wealth in the capital, it said a 50-year-old man in London with an income of £160,000 would earn enough to be in the top 1% for the rest of the country, but would not even be in the top 5% of men living in London.

Men make up 83% of the top 1% of income tax payers and 89% of the top 0.1%. To be among the top 1% of men requires an income of £200,000, while to be in the highest 1% income bracket for women would need half of that.

Newsletter

Related Articles

0:00
0:00
Close
Former Judge Charged After Drunk Driving Crash Kills Comedian in Brazil
Jeff Bezos hasn’t paid a dollar in taxes for decades. He makes billions and pays $0 in taxes, LEGALLY
China Increases Use of Exit Bans Amid Rising U.S. Tensions
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Procter & Gamble to Raise U.S. Prices to Offset One‑Billion‑Dollar Tariff Cost
House Republicans Move to Defund OECD Over Global Tax Dispute
Botswana Seeks Controlling Stake in De Beers as Anglo American Prepares Exit
Trump Administration Proposes Repeal of Obama‑Era Endangerment Finding, Dismantling Regulatory Basis for CO₂ Emissions Limits
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
A family has been arrested in the UK for displaying the British flag
Mel Gibson refuses to work with Robert De Niro, saying, "Keep that woke clown away from me."
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
The British propaganda channel BBC News lies again.
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Controversial March in Switzerland Features Men Dressed in Nazi Uniforms
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
Thai Civilian Death Toll Rises to 12 in Cambodian Cross-Border Attacks
TSUNAMI: Trump Just Crossed the Rubicon—And There’s No Turning Back
Over 120 Criminal Cases Dismissed in Boston Amid Public Defender Shortage
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
×