The downturn has forced thousands of wealthy Britons out of the club of millionaires, and the trend is only likely to turn around in two years, a British independent research group says.
The number of millionaires has been halved in the past two years to just below 250,000, according to the latest estimates of the Centre for Economics and Business Research (CEBR).
The 2009 list of Britain's richest 2000 published in the Sunday Times also shows that the number of British billionaires has fallen to 43 from 75 in 2008 and both the leading two billionaires this year reported their assets have plummeted by more than 60 percent.
For the full story by Dongying Wang, published by Xinhua News Agency in May 2009, please click here. Also, please return to the blog to post your comment.
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