Wealth is a big deal: household wealth in Britain has surged in recent decades to over £15tn. And it’s unequal, with wealth inequality twice as high as income inequality.

This matters. What wealth you can inherit, rather than what you earn, increasingly decides who owns a house and who can retire before their late 60s. Almost half of twentysomething first-time buyers receive financial support, largely from parents, averaging £25,000.

History shows the effects can be long lasting. In the 19th........

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