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1、The UK Economy,content,Economic Status,The United Kingdom of Great Britain is a major developed capitalist country. It is now the worlds fifth largest economy and has a gross domestic product(GDP)of US$2849.278 billion and is forecast to have the strongest business environment of all major European
2、economies, but also a member of the World Trade Organization. It is a leading global nation, as the second largest exporter and third largest importer of commercial services, and the ninth largest exporter and fifth largest importer of merchandise (2015).,Recent History and The Current Economy,Recen
3、t History,1970s: high rates of inflation, strikes, the fall in the value of UK currency, British industry doing badly,Negative economic facts,a change of government,the Labor Party,the Conservative Party,The Current UK Economy,national economies,Primary industries,Secondary industries,Tertiary indus
4、tries,Agriculture fishing mining,Manufacture complex goods from primary products,banking insurance tourism the selling of goods,1.4%,22%,65%,British Prime Minister David Cameron has begun a process that could lead to Britains exit from the European Union - a result analysts say could devastate the c
5、ountrys economy. Britains economy relies on trade and financial services. The free flow of goods and services with the European continent has been a boon, but more and more Britons see the European Union as an unwelcome infringement on their sovereignty. That has pushed Prime Minister Cameron to promise a re-negotiation of Britains ties to the EU and then a referendum within five years, if he is re-elected in the middle of the process.,