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The construction industry of the United Kingdom employed around 2.3 million people and contributed gross value of £123.2 billion to the economy in 2019. [138] One of the largest construction projects in the UK in recent years was Crossrail, costing an estimated £19 billion. It was the largest construction project in Europe.
United Kingdom is ranked 2 out of 180 countries in the Environmental Performance Index. [124] A law has been passed that greenhouse gas emissions will be net zero by 2050 in England. The Energy and Climate Intelligence Unit (ECIU) has said it would be affordable. [125] [126] The target for 2030 is a 68% reduction compared with 1990 levels. [127]
Thereafter the United Kingdom's relative economic performance improved substantially to the extent that, just before the Great Recession, British income per capita exceeded, albeit marginally, that of France and Germany; furthermore, there was a significant reduction in the gap in income per capita terms between the UK and USA. [7]
The UK produces one of the quickest estimates of GDP of the major economies, about 40 days after the quarter in question. At that stage, only about 60% of the data is available, so the figure is ...
The UK has rarely been self-sufficient in terms of food supply. In 2023, the country was 54–60% self-sufficient in food. [4] [5] In 2022, the country produced enough sheep and milk to be self-sufficient, and almost enough poultry, eggs and cereals, but other foods, such as rice, tomatoes and exotic fruits, had to be imported. [6]
Economic development in the United Kingdom (2 C, 5 P) E. Energy in the United Kingdom (17 C, 43 P) F. Finance in the United Kingdom (16 C, 25 P) Foreign trade of the ...
Chancellor Rachel Reeves has said she is “not satisfied” with the performance of the UK’s economy after it grew by a meagre 0.1 per cent in the three months to the end of September ...
The UK economy shrunk for the second month in a row in October after official figures showed a 0.1% drop. The economy had been expected to return to growth following a fall during September.