Tiny elite, huge proletariat’: UK middle class to disappear in 30 years, govt advisor says

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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. According to Boyle, who spoke at the Hay Festival of Literature and the Arts, most representatives from the traditional middle class won’t be able to afford a house because wages will fail to keep up with huge price increases. “We won’t own our own homes, we won’t be able to afford it,” he said. “We cheered the rise of property prices not realizing that it would destroy, if not our own lives, but the lives of our children.”

For full report read …… http://rt.com/news/162368-uk-middle-class-disappear

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