
UK millionaires fall to 442,000, lowest since 2008
The number of UK millionaires fell 7 per cent to 442,000 in 2025, the lowest level since the 2008 financial crisis, Adam Smith Institute analysis shows.
Amy Ingham is a reporter at Business Matters, covering UK business news with a focus on breaking news, business policy, late payments and insolvency. She joined the magazine in 2026 after completing the NCTJ Diploma in Journalism at Harlow College's journalism school. Her recent reporting includes British Steel's nationalisation and its impact on SME suppliers, the decline in late payments by large firms, and Insolvency Service director disqualifications. Reach her at aingham@cbmeg.co.uk.

The number of UK millionaires fell 7 per cent to 442,000 in 2025, the lowest level since the 2008 financial crisis, Adam Smith Institute analysis shows.

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