Parliamentary reporter @TrinderMatt

BRITAIN’S wealth gap has ballooned during the Covid-19 pandemic, with the richest 10 per cent gaining 500 times more than the poorest third, the Resolution Foundation revealed today.

The think tank report found that the overall wealth in the country had increased by £900 billion to more than £16.5 trillion during three national lockdowns due to a lack of spending opportunities and rising house prices.

But the benefits had been massively skewed to the richest by a ratio of more than 500 to 1, “turbo-charging” the gap between the haves and the have-nots, the report warned.