Sources and calculations

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In order to collate all the data for the our #Costoffraud tool we use a variety of sources. The table below lists them all together with key calculation variables.

Prices we've used in our calculations:

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  Number Source

Cost of a property in the capital

£475,961

 

Formula 1 car

£6m+

http://bit.ly/1QncUAA

Meatballs

£4.35 per kilo

http://bit.ly/1NDKIfq

A commercial flight to space

$250,000

http://bit.ly/1jukJdc

Clean Water

$12bn

 
Three course meal

£65

http://bit.ly/1K5XjjD

Housing Benefits Bill

£24.6bn

http://ind.pn/1jlyRWK

Cost of London Olympics

£528m

http://bbc.in/1GaSbjg

World's most famous burger

£2.79

 

Cost of creating a minimum wage job

£5,556

http://bbc.in/1FKGAkj

Cost of an annual underground pass (Zones 1 & 2)

£1,284 per annum

 
Cost of HS2

£40bn

 http://on.ft.com/1k0Wh3q
Price of a London Eye

£70m

 

Price of building a social home

£60,240

 http://bbc.in/1FKGAkj
Price of building a Royal London Hospital

£650m

http://bit.ly/1jumcQx
Capitalisation of Facebook

In excess of £144bn

 http://cnnmon.ie/1KcSXx0
Number of new borns in UK in 2013

698,512

http://bbc.in/1qfGkbj
Cost to build a carbon neutural home

£197,750

 

Number of unemployed in the UK

1.85 million

http://bit.ly/1IK0aj1
Price of a University Degree

£27,000

 

Cost of ending world hunger

$30bn

http://nyti.ms/1QndSwV

*We use a variety of data sources in order to create a household economics dashboard. Some of the data in this dashboard has been adapted from data from the Office for National Statistics licensed under the Open Government Licence v.3.0.