UK valued at 5 trillion
Britain has a value of GBP5 trillion, the Office for National Statistics (ONS) revealed yesterday.
To be precise the UK is worth GBP4,983,000,000,000. The ONS took into account the value of land, buildings, vehicles, machinery, bridges, roads, as well as shares, money in bank accounts, and virtual entities such as software patent rights.
Divided by the 58,789,194 people recorded living in the country, each man, woman and child could claim GBP85,000 from the virtual sale.
Residential home constituted 55 per cent of the UK’s total value.
Property prices had “shot up” to GBP2.7 trillion, the ONS said, more than doubling since 1994 when residential property was valued at GBP1.2 trillion.
The research was published in the ‘Capital Stock, Capital Consumption and Non-Financial Balance Sheets’ for the end of 2002.
