Millionaires Row(s)

Although there are signs the market has cooled, price increases since 2001 have moved some 425,000 people into the millionaires club, the CEBR’s figures suggest. Up to one-in-20 London households are now inhabited by millionaires, the research adds, meaning some 171,000 households, or 5.5% of all households in the capital, are occupied by millionaires. News of the figures comes soon after the publication of research by the Institute for Public Policy Research suggesting the government could increase revenues by introducing a banded system of IHT. While the Labour party has distance...