London and Hampshire top the map of UK wealth, with Yorkshire and Lancashire both in top ten according to a new map of wealth in the UK, revealed in a White Paper from Barclays Wealth Insights.

London and Hampshire top the map of UK wealth, with Yorkshire and Lancashire both in top ten according to a new map of wealth in the UK, revealed in a White Paper from the Barclays Wealth Insights series. The new report highlights a greater concentration of wealthy individuals in the South-East of the country. The four postcodes home to the highest proportion of the UK’s wealthy are all in London and the South-East, with London and Hampshire as the top ranked counties. But the north of England also features strongly with Yorkshire placed third and Lancashire sixth in the list of counties with the highest proportion of wealthy individuals. Cheshire, famous for housing some of the UK’s most high profile sports stars, only makes eleventh position, though. The White Paper from Barclays Wealth Insights, based on data from the Economist Intelligence Unit and Ledbury Research, has positive news for Scotland as well, with areas in Midlothian and Dunbartonshire featuring in the twenty postcodes housing the highest proportions of wealthy individuals. Barclays Wealth’s White Paper also reveals that business success is now more likely than inheritance to be the source of wealth of the UK’s rich. Seventy-one per cent of respondents listed savings from earnings as one of their three key sources of wealth. Property investments were second, with 44 per cent of respondents making money this way. Inherited wealth ranks third, at 30 per cent as a source of wealth, demonstrating what Barclays Wealth calls the growing democratisation of wealth in the UK. The research also claims that the UK will have the highest concentration of high net worth households in the G7 in 10 years’ time, although 14 per cent of those questioned were considering moving abroad over the next decade and a further 46 per cent were planning to buy a second home overseas. The white paper also reveals that whilst 45 per cent were concerned about saving for their retirement, 52 per cent worry about the performance of their investments and 20 per cent were kept awake at night worrying that their children were being reckless with their inheritance. Mark Kibblewhite, managing director of Barclays Wealth’s private banking division, said: “There has rarely been a better time to be living in the UK. Not only are we expected to have the highest proportion of high net worth households in the G7 in 10 years’ time, but wealth is now truly open to everyone with enterprise and endeavour the main route to riches.”