Property boosts UK net worth to £6.8 trillion

Britain’s property market has boosted the nation’s wealth to £6.8 trillion, despite a global financial crisis which has weighed heavily on the UK economy. Net worth rose 3.3pc in 2011 according to figures from the Office for National Statistics, with property now worth more than £4 trillion. Read the article in the Daily Telegraph. It is complete nonsense of course but illustrates the dangerous hold that home-ownerism has on the nation’s psyche. You might like to join in the chorus of encouragingly scornful comment