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Showing results for tags 'debt; newbuild'.
The UK national debt is roughly £1,470 billion, and increasing by about £44 bn per year - the annual budget deficit. However, building a house costs about £50k, and they sell for £200k. So if the government simply got into the business of house-building, it could build about ten million (total cost: £500 bn), and could sell them for about 2,000 bn, making enough money to pay off the entire national debt. And, as a bonus, an end to the housing crisis. Problem solved.