/ world immediately information/ The variety of greenback millionaires in Nice Britain fell by 15% after the nation voted to depart the EU, which negatively affected the British pound and the inventory market, in keeping with a report by Credit score Suisse Group AG.
UK family wealth fell by $1.5 trillion, or 10 per cent, within the 12 months to June 2016 as a “direct consequence” of the vote to depart the EU, the financial institution’s annual World Wealth Report mentioned #2 within the Swiss monetary system. The doc was printed immediately.
Private monetary belongings within the UK of $14 trillion are unfold amongst round 49 million adults, of whom virtually 5% have 1,000,000 or extra. The shock results of the June 23 vote despatched the pound down 15 p.c this yr and triggered the most important one-day decline within the native inventory market for the reason that monetary disaster in 2008. Though shares rallied afterward, the nation is going through political and financial uncertainty relating to the phrases below which its withdrawal from the EU will happen.
London / Nice Britain
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