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Although the US agreed to cancel $20 million in Lend Lease debt, the UK was forced to obtain a $3.75 billion loan from the United States at 2% interest in December 1945. [218] The US/UK trade imbalance was perilously high, forcing the extension of rationing to lessen the imbalance and preserve precious US dollars for the servicing of loan ...
London generates approximately 22 per cent of the UK's GDP. [16] [17] 841,000 private sector businesses were based in London at the start of 2013, more than in any other region or country in the UK. 18 per cent are in the professional, scientific and technical activities sector while 15 per cent are in the construction sector. Many of these are ...
In 2007, the UK had the world's third largest current account deficit, due mainly to a large deficit in manufactured goods. In May 2008, the IMF advised the UK government to broaden the scope of fiscal policy to promote external balance. [89] The UK's output per hour worked was on a par with the average for the "old" EU-15 countries. [90]
Luton's Vauxhall factory opened in 1905, with the first vans being assembled there in 1932. At its height the plant employed 37,000 people, but that number has been falling since the 1960s.
The government will water down rules which demand car makers switch to making battery-powered cars after pressure from the industry. But the move comes too late to save Vauxhall’s van plant in ...
Heinz opened its first UK production facility in Harlesden in the 1920s. By 1933 nearly all Heinz products sold in the UK were manufactured domestically. [4] During World War II the Harlesden facility was bombed twice. [5] To help increase food production after the war, Heinz took over a former munitions factory in 1946 at Standish near Wigan. [6]
Money creation, or money issuance, is the process by which the money supply of a country, or an economic or monetary region, [note 1] is increased. In most modern economies, money is created by both central banks and commercial banks. Money issued by central banks is a liability, typically called reserve deposits, and is only available for use ...
Feastables ⓘ is a chocolate and snack brand created by American YouTuber Jimmy Donaldson, better known as MrBeast online. In January 2022, Donaldson announced the creation of his company which launched its own brand of chocolate bars called "MrBeast Bar". [2]