Value of Britain falls

During the recession, Britain has dropped in value by GBP£177 billion. Now, can you blame people for leaving the country?

It has been discovered that the country's buildings, roads and money assets are worth two percent less than they were in 2008. This is the first time since 1992 that the value of Britain has fallen. The Office for National Statistics report, which was released yesterday, said, "the UK was worth GBP£6.954billion at the end of 2008 - a drop of from GBP£7.131billion the year before."

The total value of Britain was added up by a team of mathematicians and specialist financial experts over several months, and includes every business, government department, and household.

The report stated that housing was still Britain's biggest asset, although even that value is falling. At the end of 2008, housing was worth GBP£3,923 billion, compared to GBP£4,314 billion in 2007.

There was some better news last night, as accountants BDO Stoy Hayward predicted Britain will come out of recession by the end of September. BDO partner Alex White said Gordon Brown had acted quicker than his European counterparts.

He stated that, "Our economy is speeding ahead in the race towards recovery. In stark comparison, sluggishness and indecision has held the Eurozone back."

Let's see if Britain retains any of its value in 2010.

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