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Christmas clearout

Christmas lights all around the country have been switched on and everyone is getting into the festive mood but new figures from Barclays Insurance show that it is not just Santa who comes to visit us at Christmas.

Quarter of UK households to enjoy million dollar status by 2016 as UK experiences a wealth explosion

• Almost one in four UK households (eight million) will boast more than $1 million (£526,900) in assets by 2016. • The UK will have the highest concentration of aggregate wealth (assets including property, land, savings and investments) in 2016. • The UK will play host to one million ‘super millionaires’ (more than $3 million in assets) for the first time by the close of the decade and millions of ‘nearlionaires’.