Instead he emphasises the “mundane and ordinary accumulation” of the “ordinary” wealth elite, particularly through the ownership of houses that rise in value, and “highbrow” cultural capital that is located in London or in other elite places and institutions. Both these class characteristics immediately connect status with physical location. Looking at these results alongside the Brexit voting patterns and the debate on elites that emerged after the referendum, and it seems to me that were the Labour party revisionists around today then they would have pinpointed issues to do with geography and cosmopolitan/London-ness as the defining class variables. A similar story emerges of the importance of housing as a determining factor in the national wealth distribution from work we undertook recently on the distribution of wealth for the Smith Institute.
Article source: http://www.huffingtonpost.co.uk/kitty-ussher/where-are-the-class-divis_b_12192992.html?utm_hp_ref=uk-politics&ir=UK+Politics