^^^ add in the 80's and 90's i.e. the thatcher years when every potentially profitable industry was sold off to line the Government and their rich chums pockets, short term of course and the UK was left with nothing, not even social housing and this is still seen by the level of homelessness and no homes to put them in. Add into the fact that many landlords won't have people on benefits in their property and it all adds up.
Back to industry though, so many industries that were feeding the Government £millions were sold off for pennies, if managed more effectively and the efficiencies increased they could have kept these industries going and made £trillions in annual revenue, keeping our taxes down, encouraging investment into said industries and potentially making the UK a real powerhouse of the world. Instead every asset we had that was worth turning around into a constant revenue stream is now enjoyed by foreign companies and in many cases Governments.