Economy of uk
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The United King-WPS Office
Economy of UK The United Kingdom is one of the most globalised economies, and comprises England, Scotland, Wales and Northern Ireland.[a] In 2020, the UK was the [[List of countries by exports[fifth-largest exporter] in the world and the fifth-largest importer. It also had the third-largest inward foreign direct investment, and the fifth-largest outward foreign direct investment. In 2020, the UK's trade with the 27 member states of the European Union accounted for 49% of the country's exports and 52% of its imports.The service sector dominates, contributing 81% of GDP; the financial services industry is particularly important, and London is the second-largest financial centre in the world. Edinburgh was ranked 21st in the world, and 6th in Europe for its financial services industry in 2021. Britain's aerospace industry is the second-largest national aerospace industry. Its pharmaceutical industry, the tenth-largest in the world, plays an important role in the economy. Of the world's 500 largest companies, 26 are headquartered in the UK. The economy is boosted by North Sea oil and gas production; its reserves were estimated at 2.8 billion barrels in 2016, although it has been a net importer of oil since 2005.There are significant regional variations in prosperity, with South East England and North East Scotland being the richest areas per capita. The size of London's economy makes it the largest city by GDP per capita in Europe.In the 18th century, Britain was the first nation to industrialise. During the 19th century, through its expansive colonial empire and technological superiority, Britain had a preeminent role in the global economy, accounting for 9.1% of the world's GDP in 1870. The Second Industrial Revolution was also taking place rapidly in the United States and the German Empire; this presented an increasing economic challenge for the UK, leading into the 20th century. The cost of fighting both the First and Second World Wars further weakened the UK's relative position. Despite a relative decline in its global dominance, in the 21st century the UK retains the ability to project significant power and influence around the world.Government involvement is primarily exercised by Her Majesty's Treasury, headed by the Chancellor of the Exchequer, and the Department for Business, Energy and Industrial Strategy. Since 1979, management of the economy has followed a broadly laissez-faire approach. The Bank of England is the UK's central bank, and since 1997 its Monetary Policy Committee has been responsible for setting interest rates, quantitative easing, and forward guidance.The currency of the UK is the pound sterling, which is the world's fourth-largest reserve currency after the United States dollar, the Euro and the Japanese yen. It is also one of the 10 most-valued[clarification needed] currencies in the world.The UK is a founding member of the Commonwealth, the G7, the G20, the International Monetary Fund, the Organization for Security and Co-operation in Europe, NATO, the United Nations Security Council, the World Bank, the World Trade Organization, the Asian Infrastructure Investment Bank and the United Nations. Questions 1) What types of production did the economy of UK increase? 2) What kind of products did agriculture of UK improve? 3) What is the first biggest city of UK? The media of UK The United Kingdom has a diverse range of providers, the most prominent being the publicly owned public service broadcaster, the British Broadcasting Corporation (BBC). The BBC's largest competitors are ITV plc, which operates 13 of the 15 regional television broadcasters that make up the ITV Network, and the broadcaster Sky.Regional media is covered by local radio, television and print newspapers. Reach plc (formerly Trinity Mirror) operates 240 local and regional newspapers. The secretary of state for digital, culture, media and sport has overall responsibility over media ownership and broadcasting.[1]The main BBC public service broadcasting channels accounted for an estimated 28.4% of all television viewing; the three main independent channels accounted for 29.5% and the increasingly important other satellite and digital channels for the remaining 42.1%.[2] Sales of newspapers have fallen since the 1970s and in 2009 42% of people reported reading a daily national newspaper.[3] In 2010, 82.5% of the United Kingdom population were Internet users, the highest proportion amongst the 20 countries with the largest total number of users in that year QUESTIONS: 1) How many years did the first newspepar of UKpublish? 2) How many does parts population of UK watch TV SHOW? 3) What precentage of the population of the UNITED KINGDOM readers the newspaper? 4) How many have populations of UK got? Sports of UK Sport in the United Kingdom plays an important role in British culture. In the infancy of many sports, the Home Nations, England, Scotland, Wales, and Ireland formed among the earliest separate governing bodies,[tone] national teams and domestic league competitions. After 1922, some sports formed separate bodies for Northern Ireland, though some continued to be organised on an all-Ireland basis.In a small number of sports, these teams are supplemented by high-profile events, featuring a combined team representing one or more nations.Overall,association football attracts the most viewers and money, though the nation is notable for the diversity of its sporting interests, especially at the elite level. Major individual sports include athletics, cycling, motorsport, and horse racing. Tennis is the highest profile sport for the two weeks of the Wimbledon Championships, but otherwise struggles to hold its own in the country of its birth.[specify] Snooker and darts, too, enjoy period profile boosts in line with the holding of their largest events. Many other sports are also played and followed to a lesser degree. There is much debate over which sport has the most active participants with swimming, athletics, and cycling all found to have wider active participation than association football in the 2010 Sport England Active People survey.[1] QUESTIONS: 1) What kind of sports in the UK ? 2) What is the most famous sport of in the UK ? 3) What type of sport events in local high school? VOCABULARY 1) output – mahsulot, ishlab chiqarish 2) maintain – qo‘llab-quvvatlamoq, 3) currency – tarqalganlik, yoyilganlik, valyuta4) consumption – iste‘mol qilish5) reduce – qisqartirmoq, kamaytirmoq6) shipment – yuk ortish, jo‘natish 7) appellation- appelatsiya 8) branches- filiallar 9)equal- teng 10) guardian- qo'riqlash 11) democracy-demokratiya 12) seaport-dengiz porti 13) financial- moliyaviy 14) immigration- taqlidlar 15) residential-aholi yashash joyi 16) tend-moyil 17) dotted-nuqtali 18) farmhouses-dehqon uylari 19) promoting-targ'ib qilish 20) priority-ustuvorlik 1. Describe the picture 2. Do the following statements agree with the information given in text. Write: True, False and Not given. 1) Advertisers spent an additional $215 billion to bring their products to the attention of the UK public. 2) Its nominal GDP wasn't estimated to be over $15 trillion in 2011, approximately a quarter of nominal global GDP. 3) Kennedy will be good at encourage physical activity. 4) Its GDP at purchasing power parity is the smallest in the world, Sports play an important role in UK societyapproximately a fifth of global GDP at purchasing power parity. 5) Recent decades haven't given birth to a wide variety of challenging acitivities and contests such as sail boarding, mountain biking, and sport climbing, collectively referred to as "extreme sports" 6)The U.S. media wasn't frequently known as the Fourth Estate, an appellation that suggests the press shares equal stature with the other branches of government created by the Constitution. 7) Sports play an important role in UK society. 8) Satellite technology allow UK TV networks, especially cable networks, to reach overseas audiences anywhere on the globe every day 3. Fill the gaps. 1) Within 50 years, magazines also began appearing .......... major UK cities. 2)The UK is the largest trading ........ in the world. Its four largest........trading partners are as of 2011: Canada, China, Mexico and Japan. 3) Coca-Cola and McDonald's are the two most ............ brands in the world. 4) Sports play an important role in UK society. 5) The UK offers limitless pportunities to engage in sports - either as a ......... or as a spectator. 6) Team sports were a part of life in ......... UK 7) The local high school football or basketball game represents the biggest event of the week for residents ....... many communities across the United Kingdom 8) Native UK peoples played a variety of ball games ........... some that may be viewed as earlier forms of lacrosse. 9) ............ listen to radio regularly. 10) The United States has a capitalist mixed ........, which is fueled by abundant natural resources, a ............. infrastructure, and high productivity. 4. Learn it by heart. In August 2010, the UK labor force comprised 154.1 million people. With 21.2 million people, government is the leading field of employment. The largest private employment sector is health care and social assistance, with 16.4 million people. About 12% of workers are unionized, compared to 30% in Western Europe. The World Bank ranks the United Kingdom first in the ease of hiring and firing workers. In 2009, the United Kingdom had the third highest labor productivity per person in the world, behind Luxembourg and Norway. It was fourth in productivity per hour, behind those two countries and the Netherlands. Compared to Europe, UK. property and corporate income tax rates are generally higher, while labor and, particularly, consumption tax rates are lower. The UK welfare state is one of the least extensive in the developed world, reducing both relative poverty and absolute poverty by considerably less than the mean for rich nations, though combined private and public social expenditures per capita are relatively high. While the UK welfare state effectively reduces poverty among the elderly, it provides relatively little assistance to the young. A 2007 UNICEF study of children's well-being in twenty-one industrialized nations ranked the United Kingdom next to last. Contents *Agricultural *Economy *Football *Magazines *Radio *TV *Break news The video was taken the fallowing link: https://youtu.be/Ag5XmYWJ3mI Download 54.96 Kb. Do'stlaringiz bilan baham: |
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