Not much evidence for Piketty thesis in Britain?

The Office of National Statistics today published its long-awaited third data point on the distribution of wealth amongst households in Britain, covering the period from 2010-12. This is the third data point since 2006, enabling us for the first time to explore whether the Piketty thesis – that wealth must tend to concentrate at the top – is valid. What today’s data shows is that the wealth distribution in Britain hasn’t become more unequal in recent years (although it was pretty unequal to start with) and within that there are some encouraging trends, for example in the distribution of pension assets across the population. Here’s a piece published today on the Guardian’s comment is free.