The Economy of the UNITED KINGDOM Domenic Denicola Collin Sanders.

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Presentation transcript:

The Economy of the UNITED KINGDOM Domenic Denicola Collin Sanders

In Comparison

Industries Take a guess (percentage-wise) as to how much of the economy is in the government sector.

Taxes Misery Index: Overall tax burden: 35.9 % – Mostly sales tax and individual income taxes – Comparatively low social security taxes

Currency The Pound Sterling: £ – Originally the price of one pound of sterling silver. – Among the highest valued of all currencies in the world Interest Rates and the Bank of England – Gordon Brown – Target inflation: 2 %

Currency: The Euro UK: opted out of the Euro (€) ERM II – Euro comes from this – “Black Wednesday” Current administration: pro-Euro – But the populace isn’t so keen on it