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The UK financial services industry added gross value of £116.4 billion to the UK economy in 2011. [149] The UK's exports of financial and business services make a significant positive contribution towards the country's balance of payments. Paternoster Square, home of the London Stock Exchange
The UK's economy shrank for the second month in a row in October, with Chancellor Rachel Reeves calling the performance "disappointing". The strength of the economy affects things like pay ...
The economy in Bristol has long connections with the sea and its ports. In the 20th century aeronautics played an important role in the economy, and the city still plays a role in the manufacture of aircraft. Bristol was the first UK city to be named European Green Capital. Its modern economy is built on the creative media, technology ...
The UK economy posted another quarter of growth between April and June on the back of a stronger services sector, according to official figures. The Office for National Statistics (ONS) revealed ...
The UK economy recovered from the Covid-19 pandemic much faster than previously thought, according to major revisions of official statistics that have erased Britain’s laggard status overnight.
London is the largest urban economy in Europe [256] and, alongside New York, the city in the world most integrated with the global economy. [257] The UK has a regulated social market economy. [258] [259] [260] Based on market exchange rates, the UK is the sixth-largest economy in the world and the second-largest in Europe, both
When UK voters elect a new government on July 4, the health of the world’s sixth-biggest economy will likely be the main factor in deciding the outcome.
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]