An increase of 106,000 millionaire households across the UK between 2014 and 2015 comes despite the fact that many consumers are feeling the pinch. The number of dollar millionaires in Britain has risen to 961,000, although the value of residential property is not included Carl Court/Getty ImagesThe UK has more “dollar millionaire” households than Germany and France combined, according to a study. The analysis by Boston Consulting Group (BCG) does not take into account the homes and luxury goods such as Only the US, China and Japan have more millionaires than Britain, with new research suggesting that 961,000 people in the UK had investable assets such as savings and shares, but not residential property, worth at least $1 million (£687,332) last year.

Source: The Times June 07, 2016 23:48 UTC