Every taxpayer in the country has lost almost £40,000 since the onset of the credit crunch, as plunging house prices and the savage sell-off in stock markets have obliterated £1.2 trillion of Britain's national wealth.
No they haven't. If we take the figures as correct, then some have lost more than £40,000, some less. On average the loss is £40,000. This is not nit-picking, the statement 'every taxpayer has lost' is pretty definitive, and entirely wrong.