The e¬¬conomy of the United Kingdom

The economy of the United Kingdom is the sixth-largest national economy in the world measured by nominal GDP and eighth-largest measured by purchasing power parity (PPP), and the third-largest in Europe measured by nominal GDP (after Germany and France) and second-largest measured by PPP (after Germany). The UK's GDP per capita is the 22nd highest in the world in nominal terms and the 22nd highest measured by PPP. The British economy encompasses (in descending order of size) the economies of England, Scotland, Wales and Northern Ireland.

INTRODUCTION ...........................................................................................4
1. History………………………………………………………………………….5
1.1 1945 to 1979………………………………………………………………5
1.2 1979 to 1997……………………………………………………………….5
1.3 1997 to 2008……………………………………………………………….6
1.4 2008 to present……………………………………………………………..7
2. Sectors………………………………………………………………………….7
2.1 Agriculture, hunting, forestry, and fishing……………………….………7
2.2 Construction……………………………………………………………….8
2.3 Production industries………………………………………………..……8
2.3.1 Electricity, gas and water supply………………………………….8
2.3.2 Manufacturing……………………………………………………….8
2.3.3 Mining and quarrying……………………………………………….9
2.4 Service industries…………………………………………………….……9
2.4.1 Creative industries…………………………………………………9
2.4.2 Education, health and social work………………………….……10
2.4.3 Financial and business services………………………………..…10
2.4.4 Public administration and defence………………………….……11
2.4.5 Tourism………………………………………………………….…11
2.4.6 Transport, storage and communication……………………….……11
2.4.7 Wholesale and retail trade………………………………………...12
3. Currency………………………………………………………………………12
4. Government involvement……………………………………………………13
4.1 Taxation and borrowing…………………………………………………
5. Poverty…………………………………………………………………………14
CONCLUSION…………………………………………………………………15
REFERENCES…………………………………………………………………16