The UK Economy
The UK has a partially regulated market economy.
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The UK Economy

1. The UK Economy

2. The UK has a partially regulated market economy.

The Bank of
England the UK's
Central Bank and
is responsible for
issuing the
national currency
GBP. Banks in
Scotland and
Northern Ireland
are also entitled
to issue their own
notes, subject to
retaining a
sufficient number
of banknotes of
the Bank of
England to cover
their issue. The
pound Sterling is
the third-largest
reserve currency
in the world.


Tourism is an important part of the British economy and, with 27 million tourists
in 2004, the country occupies sixth place among the main places of tourism in
the world, and London is visited by the greatest number of guests among all
cities in the world.


The automotive industry is
one of the main of the UK
manufacturing sector and
employs over 800,000
people, with a turnover of
some £52 billion,
generating £26.6 billion of
The aviation industry in the UK is the second or third largest (depending on
calculation methods) and has an annual turnover of around £20 billion. The
pharmaceutical industry in the UK also plays an important role and has the
third largest expenditure on research (after the U.S. and Japan)


Morgan Plus 8
Land Rover
Austin-Healey Sprite
Aston Martin DB5


Bentley Continental GT
Jaguar E-Type
Rolls-Royce Silver Cloud II
Austin Mini


In 2006, the UK was the world's ninth-largest energy
consumer, and fifteenth by the manufacturer.In 2009 the
UK produced 1.5 million barrels of oil per day, and
consumed 1.7 million barrels. Recently, the oil production
began to decline and since 2005 the UK is a net importer of
oil. In 2010 the UK had around 3.1 billion barrels of proven
crude oil reserves, the largest among EU members.In 2009,
the UK was the 13th producer of natural gas in the world
and the largest in the EU. As with oil, recent production
volumes began to decline and in 2004 the country began to
import gas.
In 2005, the total reserves available for coal production was
171 million tons, but large coastal area can expect potential
reserves of 7 to 16 billion tons thanks to the technology of
underground coal gasification. If to count from the current
coal consumption of the country, these reserves Britain will
last for a period of from 200 to 400 years.


Two British companies, AstraZeneca and
GlaxoSmithKline, are in the five largest
pharmaceutical companies in the world, and in
General, British companies opened and developed
more pharmaceuticals than any other country except
the United States.


The modern UK plays a leading role in the aviation
industry, including Rolls-Royce, a market leader of
aircraft engines etc.Scientific research is also one of
the main activities of British universities, many of
which create techno-parks to facilitate production and
work with companies. In 2004-2008 in the UK has
created 7 % of the world's scientific research, the third
largest in the world after USA and China.


In 2007-2008, 13.5 million people (22 % of the
population) lived below the poverty line. This is the
highest ratio in the EU in addition to the four



In crop production :nearly 60% of arable land occupied by
perennial grasses, more than 28% under cereals (15%
wheat, 11% barley); and 12% under technical (rape, sugar
beet, flax) and feeding crops (including potato) and
vegetable gardens and berry patches. The main agricultural
areas in East England and South-East. There are many
orchards. For products such as wheat, barley, oats and
pork, the production volume exceeds the volume of
consumption; such as potatoes, beef, mutton, wool, sugar
and egg production below consumption.


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