ECO
ah1652017_ 
UnitedKingdom.pptxUnited Kingdom
Emily Sim
Location
Located off the Northwestern coast of Europe
Contains England, Scotland, wales & Northern Ireland
Capital: London
facts:
93,628 Miles squared with a population of 66.4 million
GDP: 2.8 Trillion USD- 6th largest economy in the world
GDP growth: 0.3% (2019) Compared to 1.1% in 2018
PPP: 43,160 per capita (2017) US: 60,200 USD
Unemployment: 3.8% (2019)
Inflation rate: 1.8%
FDI:
Public Debt: 87% of GDP (U.S 106%)
U.K. Pound to USD
Current Rate: 1.30 To USD
Exports
Imports
Machinery including computers: US$85.9 billion (12.8% of total imports)
Vehicles: $74.7 billion (11.2%)
Mineral fuels including oil: $66.9 billion (10%)
Electrical machinery, equipment: $63.5 billion (9.5%)
Gems, precious metals: $40.1 billion (6%)
Pharmaceuticals: $30.3 billion (4.5%)
Plastics, plastic articles: $19.4 billion (2.9%)
Optical, technical, medical apparatus: $18.7 billion (2.8%)
Knit or crochet clothing, accessories: $13 billion (1.9%)
Articles of iron or steel: $12.1 billion (1.8%)
Foreign Investment/ Incentives
The U.K. offers attractive venture capital schemes to help small and medium enterprises expand
The Enterprise investment scheme and venture capital trusts offer tax relief for individuals interested in investing in U.K. small businesses
There are generous incentives for companies investing in research and development in the U.K. to promote fast-growing, innovative services and products, such as R&D expenditure tax credit
The Patent box offers a 10% corporation tax (compared to the usual 19%) on profits from investments patented in the U.K.
Brexit's impact on Financial performance
Europe is Britain’s most important export market and its biggest source of foreign investment, while membership in the bloc has helped London cement its position as a global financial center.
Major businesses have announced that they are leaving Britain because of Brexit; for example AirBus, which employs 14,000 people and supports more than 100,000 other jobs
The government has projected that in 15 years, the country's economy will 4 to 9% smaller if Britain left the EU
The U.K. officially left the EU on January 31st 2020, and has entered a 11 month transition period, where the U.K. will continue to follow all of the EU’s rules and regulations, and its trading relationship will remain the same until an agreement is negotiated
