Demographics
Black British Wealth & Income Statistics
Recovered from the supplied Airo source and published into WordPress with source wording preserved.
DescriptionBlack British wealth and income statistics: household wealth gap, income inequality, Black business ownership, and finance access in the UK. ONS Wealth & Assets Survey.
Household Wealth
Wealth Components — Black vs White British (£,000 median)
Ethnicity Pay Gap
VERIFIED PAY GAP FIGURE PENDING
Business Ownership & Finance Access
Black British Wealth & Income Statistics | BlackBritish.org.uk
Property and pension wealth account for the largest share of the gap. Black households hold a fraction of the property and pension wealth of white British households — reflecting lower home ownership rates and shorter or lower pension contribution histories.
Previous ethnicity pay gap figures on this page have been removed pending verification against a named official source, specific table reference, and methodology. A previously cited figure could not be confirmed against the published ONS ASHE ethnicity pay gaps bulletin.
Do not cite ONS ASHE 2023 as a source for a £4,000 Black ethnicity pay gap figure.
The correct source to verify against is the ONS Ethnicity pay gaps in Great Britain bulletin. This section will be updated once a specific table reference has been confirmed.
What we know:
Unlike the gender pay gap, ethnicity pay gap reporting is not mandatory for UK employers — meaning published data relies on the ONS Annual Survey of Hours and Earnings (ASHE) rather than employer-reported figures. The ONS does publish an ethnicity pay gaps bulletin covering Great Britain. This section will be updated with a verified figure and direct table reference.
Informal finance:
Black entrepreneurs are more likely to rely on personal savings, family loans, and community rotating savings clubs (known as "pardner" in Caribbean communities and "susu" in West African communities) than on formal bank lending or venture capital. This limits the scale of capital available for business growth.
Data limitation:
Business ownership data by ethnicity is not collected in Companies House registration data. All figures rely on survey-based estimates (ONS Annual Population Survey and British Business Bank research). A Black-specific finance gap figure is not separately published — the £2.5bn estimate covers Black and minority ethnic businesses combined.
Sources:
View full methodology →
labelWhite British
labelIndian
labelPakistani
labelBangladeshi
labelBlack African
labelBlack Caribbean
labelProperty wealth
labelPrivate pension
labelFinancial wealth
labelPhysical wealth
labelEconomics
href/economics
labelWealth
labelBlack / Black British
£314,000
£197,000
£88,000
£52,000
£38,000
£44,000
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Black British wealth and income statistics: household wealth gap, income inequality, Black business ownership, and finance access in the UK.
UK Black Demographics
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Household wealth gap, income inequality, Black business ownership data. ONS Wealth & Assets Survey.
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Wealth & Income
Dataset
Black British Wealth & Income Statistics
Data on household wealth, the ethnicity pay gap, and Black business ownership and finance access in the UK.
keywords
Black British wealth gap
ethnicity pay gap UK
Black household income UK
Black business finance UK
wealth inequality ethnicity UK
creator
Organization
ONS / British Business Bank
dateModified
2023
Money & Wealth
Household wealth, the ethnicity pay gap, and Black business ownership and access to finance — data on economic inequality among Black British communities in Great Britain.
, href:
£41,000
Median total household wealth — Black households
ONS WAS 2018–2020
Median total household wealth — white British households
Pending
Black ethnicity pay gap figure pending verification
Source verification in progress
mb-12
Median Total Household Wealth by Ethnicity — Great Britain (2018–2020)
ONS Wealth and Assets Survey 2018–2020
black
white
Median Wealth by Component — Black vs White British (£,000, 2018–2020)
£k
label
Median household wealth — Black households
7.6×
Wealth gap — white British households hold 7.6× more than Black households
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3%
Black people among the UK self-employed
ONS APS 2023
£2.5bn
Estimated finance gap for Black and minority ethnic businesses
British Business Bank 2023
Lower
Loan approval rates for Black entrepreneurs vs white British — even controlling for credit history
space-y-3 mt-6
pardner
susu