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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
In 1919–1920 there was a short-lived boom in the British economy, caused by a rush of investment pent-up during the war years and another rush of orders for new shipping to replace the millions of tons lost. [183] However, with the end of war orders, a serious depression hit the economy by 1921–22.
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 ...
LONDON (AP) — The British economy flatlined in the third quarter of the year, according to downwardly revised official figures Monday, in another blow to the new Labour government that has made ...
The British imperial territory with the largest economy in 1870 was British India (including what are now Pakistan and Bangladesh), followed by the United Kingdom. The territory with the largest economy in 1913 was the United Kingdom, followed by British India. [14]
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
A bank run on the Fourth National Bank No. 20 Nassau Street, New York City, from Frank Leslie's Illustrated Newspaper, 4 October 1873. The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain.
The post-Napoleonic Depression was an economic depression in Europe and the United States after the end of the Napoleonic Wars in 1815. In England and Wales, an agricultural depression led to the passage of the Corn Laws (which were to polarize British politics for the next three decades), and placed great strain on the system of poor relief inherited from Elizabethan times.