Rising asset prices have widened wealth gaps, but the racial dimension of accumulated wealth (assets and inheritances), and the infrastructures that protect and grow it remain under-examined. This project tackled that gap by bringing a comparative UK-South Africa lens to how colonial and imperial legacies continue to shape who benefits from wealth growth today.
Academically, the project shifted the debate on racial wealth inequality beyond “headline economic measures” and toward an interdisciplinary understanding of how racial wealth divides play out in people’s lives. A major forthcoming output is an Open Access LSE Press book, Colonial pasts and inequality today: the racial wealth divide in Britain and South Africa, authored by a cross-sector team spanning LSE, the Runnymede Trust, and University of Cape Town collaborators, designed as an accessible resource for academics and campaigners alike.
Beyond academia, the work strengthened policy and campaigning attention, recognising that policy change is often slow, but that alliances and “policy-ready” evidence let the research land quickly when political windows open. The work also supported high-profile engagement and uptake, including LSE public events such as “Why the racial wealth divide matters” (22 Nov 2023) and “Racial justice and wealth inequality: a call for action” (10 June 2025), the latter marking the launch of the Runnymede Trust report Why the UK Racial Wealth Divide Matters: a call for action.
The team’s immediate priority is to finalise the manuscript within weeks and publish the Open Access LSE Press book (targeting later in 2026), supported by a major communications and public engagement programme. The next research phase will develop under-examined mechanisms e.g. remittances, and how young people across immigrant communities navigate mobility without inherited wealth. Partners with relevant data access or community reach are welcome to collaborate on this next stage.
The seed funding provided the critical flexibility to scale the project up: (a) extend South Africa fieldwork into the UK, and (b) build UK-based qualitative research to sit alongside, and interpret, the economic evidence on the racial wealth divide. Without this, the breadth of collaboration, and the book-length synthesis, would not have been possible.
Professor Mike Savage, International Inequalities Institute.