High property prices will wipe out the British middle class within the next 30 years, according to a UK government advisor. He says society will be left with a “tiny elite” and a “huge sprawling proletariat.”
“The really scary thing is if in the next 30 years house prices rise as much as they have done in the last 30 years, then the average house in Britain will cost £1.2 million (US$2 million),” said David Boyle, a British author and a government advisor who is a fellow of the New Economics Foundation.
