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  2. Economic history of the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Economic_history_of_the...

    The UK's share of global manufacturing output had risen from 9.5% in 1830, to 22.9% in the 1870s. It fell to 13.6% by 1913, 10.7% by 1938, and 4.9% by 1973. [257] Overseas competition, trade unionism, the welfare state, loss of the British Empire, and lack of innovation have all been put forward as explanations for the industrial decline. [258]

  3. List of recessions in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/List_of_recessions_in_the...

    This is a list of recessions (and depressions) that have affected the economy of the United Kingdom and its predecessor states. In the United Kingdom a recession is generally defined as two successive quarters of negative economic growth, as measured by the seasonally adjusted quarter-on-quarter figures for real GDP. Name Dates Duration Real GDP reduction Causes Other data Great Slump c. 1430 ...

  4. UK trade gap narrows but set to soar to ‘enormous ... - AOL

    www.aol.com/uk-trade-gap-narrows-set-102729177.html

    The Office for National Statistics said the UK’s total trade deficit fell to £7.8bn in July from £11.4bn in June. UK trade gap narrows but set to soar to ‘enormous proportions’, experts ...

  5. Balance of trade - Wikipedia

    en.wikipedia.org/wiki/Balance_of_trade

    If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, about 60 out of 200 countries have a trade surplus. The notion that bilateral trade deficits are per se ...

  6. The UK's external deficit is a worry and there are questions over the country's competitiveness long-term, although a resilient labour market is a positive, senior analysts at S&P Global said on ...

  7. Economic effects of Brexit - Wikipedia

    en.wikipedia.org/wiki/Economic_effects_of_Brexit

    In October 2021, the UK government's Office of Budget Responsibility calculated that Brexit would cost 4% of GDP per annum over the long term. [51] 4% of 2021 UK GDP is the equivalent of a £32 billion cost per annum to the UK taxpayer. [52] After rebates, the UK's EU membership fee in 2018 was £13.2 billion. [53]

  8. Economy of the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Economy_of_the_United_Kingdom

    The UK had been relying on a surplus of inward investment to make up for its long-term current account deficit. [244] In April 2021, Lord Grimstone established the UK Investment Council to enhance UK inward investment and inform the trade policy of the UK by providing a forum for global investors to offer high-level advice to the government ...

  9. Opinion - America’s trade deficit isn’t about Trump or Biden ...

    www.aol.com/opinion-america-trade-deficit-isn...

    Instead, our trade deficit surged another 40 percent before Donald Trump took office in 2017. The WTO isn’t the sole reason for our deficits, but it’s the biggest one.