Economy of the United Kingdom

The United Kingdom, a leading trading power and financial centre, has the fourth largest economy in the world in USD exchange-rate terms and the sixth largest by purchasing power parity (PPP). It is the second largest in Europe, and is a member of the European Union. Its capital, London, is the largest financial centre in the world. The British economy is also characterised as an Anglo-Saxon economy.

Related Topics:
United Kingdom - Fourth - USD - Exchange-rate - Sixth - Purchasing power parity - Europe - European Union - London - Anglo-Saxon economy

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It is made up of (in order of how much they contribute), the economies of England, Scotland, Wales and Northern Ireland.

Related Topics:
England - Scotland - Wales - Northern Ireland

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Since the 1980s, and particularly under the Government of Margaret Thatcher, many state enterprises that were nationalised in the 1940s have been privatised.

Related Topics:
1980s - Government - Margaret Thatcher - Nationalised - 1940s - Privatised

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GDP growth slipped in 2001–2002 as the global downturn, the high price of the Pound Sterling, and the bursting of the "new economy" bubble hurt manufacturing and exports. However the UK economy is one of the strongest of the larger European Union economies; inflation, interest rates, and unemployment remain low. GDP growth in 2004 was over 3.0% per annum, which was higher than that of France, Germany and many other European countries. The GDP grew by 0.2 per cent in the first quarter of 2005

Related Topics:
2001 - 2002 - Pound Sterling - New economy - Export - Inflation - Interest rate - Unemployment - 2004 - France - Germany - 2005

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