Number of UK millionaires signals end of financial 'abyss'

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Britain is now home to more than 280,000 millionaires representing some £1.3trn in wealth, according to the latest research, in an indication the UK's economic health is improving.

A study conducted by London-based CoreData Research UK in July and August suggests the UK boasts 284,317 sterling millionaires, representing 1.1% of UK households. "The number of millionaires is partly a reflection of the economic opportunity that exists in modern Britain and should allow others to seize their own chance to grow a business, be successful and boost economic growth," says CoreData Research principal Craig Phillips. He adds the healthy number of millionaires highlights the improving economic health of the nation as developed countries emerge from the "financially doomed...

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