Barclays
Premier Banking reports Kensington becomes first place in UK with
annual income above £100,000
Released
on: September 18, 2007, 7:54 am
Press
Release Author: Andrew McDougall
Industry:
Financial
Press
Release Summary: Barclays Premier Banking survey shows that The
London Borough of Kensington and Chelsea has become the first place
in UK where the average annual income is above £100,000
Press
Release Body: The London Borough of Kensington and Chelsea has become
the first area in the country to breakthrough the £100,000
barrier for average household income according to the latest wealth
survey by Barclays Premier Banking, the personal
banking service for affluent customers. The average household earnings
in the Royal Borough are now £101,600, an increase of seven
per cent over the last year. The average earnings in the borough
are over £20,000 higher than its nearest challengers, the
cities of London and Westminster (£81,425) followed by Hampstead
and Highgate (£77,500).
Beaconsfield,
in Buckinghamshire, is the wealthiest place outside of the capital
with an average household income of £74,345 whilst the wealthiest
place outside the south-east is Tatton in Cheshire, which ranks
13th nationally with an average income of £62,350. The fastest
growing wealthy area in the country is the Cotswolds; household
incomes here increased by nine per cent over the last year to an
average of £60,800.
Bret
Packard, managing director of Barclays Premier Banking
(http://www.barclays.co.uk/premier/),
said: "Kensington has always been a mecca for the wealthy
in London, but this is a first even for that wealthy borough. No
doubt the influx of high earners not just from the UK but from overseas
has had a positive impact on average incomes."
"However,
high incomes are no longer unusual in the UK. There are now one
million individuals in the UK earning over £100,000 a year.
The vast majority although cash rich, are time poor and are therefore
increasingly looking for services that help them deal with important
issues like their finances whilst they can devote that precious
time to other things. That’s where services like Barclays
Premier Banking (http://www.barclays.co.uk/premier/),
which helps with financial planning and has personal managers available
at all times, come in."
Notes to editors:
About
Barclays Premier (http://www.barclays.co.uk/premier/)
Banking:
Barclays
Premier Banking is a comprehensive personal banking (http://www.barclays.co.uk/premier/)
service aimed at customers with earnings over £100,000 or
with over £50,000 of assets to invest.
Premier
banking is designed for high earners, which offers personalised
banking services. Customers receive their own bank manager, who
is locally based and on hand to deal with their financial needs
to make banking as effortless as possible. Premier banking currently
has approximately 270,000 clients.
About
Barclays:
Barclays is a major global financial services provider
engaged in retail and commercial banking, credit cards, investment
banking, wealth management and investment management services with
an extensive international presence in Europe, the USA, Africa and
Asia.
Barclays
is one of the largest financial services companies in the world
by market capitalisation. With over 300 years of history and expertise
in banking, Barclays operates in over 50 countries
and employs over 127,000 people. Barclays moves,
lends, invests and protects money for over 27 million customers
and clients worldwide.
Web
Site: http://www.barclays.co.uk/premier/
Contact
Details: Barclays PR contact:
Andrew McDougall,
Retail Banking PR Manager,
Barclays,
1 Churchill Place,
London,
E14 5HP,
+44 (0)20 7116 6159
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