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A British government agency has claimed that the nation's garbage is an untapped gold mine that's potentially worth $4.5 billion. The Local Government Association's (LGA) review Britain's waste disposal, ‘Wealth Waste', says local governments could earn billions 2020 to provide better services to residents. The study outlines how the scheme could additionally create 50,000 jobs expanding the household recycling sector. LGA executive Clyde Loakes said: “There is clearly wealth waste. The UK’s waste and recycling sector is currently worth £11 billion and growing at twice the rate the rest the economy, but there is so much more we could do to make the most this booming industry."

The UK produces 26 million tonnes rubbish every year. The LGA is urging the country to fully exploit a resource that currently ends in landfills. The report reads: "Taxpayers will be better , the economy will benefit, and more people will have jobs if we grow our domestic market collecting, sorting and reprocessing recycling. Landfilling waste costs a lot money; burning it is still expensive; recycling actually brings cash the taxpayer and we owe it to today’s hard-pressed taxpayers to get as much their money back as possible." It adds: "There is wealth waste. It is time to take the lid the dustbin debate and raise the sights of government…from the kerbside to the global economic race."