Brits don't feel wealthy unless they earn at least 370,000 a year

Britain's main opposition Labour wants to raise income tax for anyone over £80,000 while shadow chancellor John McDonnell classed anyone earning over £70,000 in Britain as rich.

But according to a survey of 1,555 professionals by employment data group Emolument that work in sectors are likely be paid a lot more than the average Briton, which clocks in at around £30,000 a year, the number is about more than five times this amount.

Emolument found that "the great majority of professionals do not [think they are wealthy] until they are well within the 1% wealthiest part of the population."

This article was published in Business Insider, 21st May 2017