Thursday, Dec 07, 2017

UK wealth

Torygraph: The UK is worth £10tn - and more than half of that is from land value

"The UK is worth £10tn - and more than half of that is from land value"... Except unfortunately land value is from planning permission which is potentially free.

Posted by stillthinking @ 12:10 AM (5834 views) Add Comment


1. nickb said...

So the more credit we issue on the back of the same pre-existing asset (land, location) the more the UK is "worth"? And if we sell off all our land we will be rich? And, er, landless? Where to start with this piece of economic illiteracy? This bit is priceless:
>"The ONS noted that land values remain highly dependent on house prices."
That's exactly back to front! Bricks and mortar do not become more valuable as they age, they depreciate like any durable good. It's the location, "land", that increases in exchange value as a result of development or speculation over the surrounding area.

Thursday, December 7, 2017 10:17AM Report Comment

2. mombers said...

Calls for a punishing tax on enterprising landowners who have created so much value! So talented that the value of their land goes up in their sleep, to paraphrase John Stuart Mill

Thursday, December 7, 2017 05:28PM Report Comment

3. sneaker said...

How many Bitcoin is that?

Friday, December 8, 2017 02:58PM Report Comment

4. icarus said...

Today's Bitcoin or tomorrow's?

Saturday, December 9, 2017 10:24AM Report Comment

Add comment

Username   Admin Password (optional)
Email Address
  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of
  • Please adhere to the Guidelines

Main Blog | Archive | Add Article | Blog Policies