The official name of UK is “United kingdom of Great Britain & Northern Ireland” United kingdom began in 1707 with political union of the kingdom of England and Scotland The economy of UK is highly developed & market oriented It has made significant contribution in technology & industry to the world economy.

1. THE UNITED KINGDOM

2. Presented by –
Preeti

3. • The official name of UK is “United kingdom of
Great Britain & Northern Ireland”
• United kingdom began in 1707 with political
union of the kingdom of England and Scotland
• The economy of UK is highly developed &
market oriented
• It has made significant contribution in
technology & industry to the world economy.

4. • Currency : Pound sterling (GBP)
• Fiscal year : 6 April – 5 April
• GDP : $2.565 trillion (nominal; 2017)
• GDP rank : 6th (Nominal) / 9th (PPP)
• GDP growth : 0.4% (Q3 2017)
• Ease-of-doing-business rank : 7th (2018)
• Foreign reserves : $159.34 billion (1
January 2016)
• Current population : 65,794,968

5. Four Countries
The UK consists of four countries
• England
• Scotland
• Wales
• Northern Ireland

7. Strategic Location
• Ranks first in Europe and fourth in the world
for ease of doing business
• Least barriers to entrepreneurship in the world
• It have third fewest barriers to trade and
investment in the world
• World-class transport links

8. • Presented by –
Shilpa Yadav

9. British rules in India
• 1600s - east India company
• 1700s - decline of mughal
empire
• 1760s -british overcame French
• 1858s - India as colony
• 1920 -demand for independence

10. 7 Good Things The British Did For India And Indians!
1. English language
2. Indian Railways
3.Army
4.Vaccination
5.Social reforms
6.India census
7.Surveying India

11. 1. Anguilla
2. Bermuda
3. British Antarctic Territory
4. British Indian Ocean Territory
5. British Virgin Islands
6. Cayman Islands
7. Falkland Islands
8. Gibraltar
9. Montserrat
10. Pitcairn Islands
11. Saint Helena, Ascension and Tristan da Cunha
12. South Georgia and South Sandwich Islands
13. Turks and Caicos Islands
14. Sovereign Base Areas of Akrotiri and Dhekelia
14 Colonies of UK

12. • Prior to February 15th 1971 the British currency system was known as pounds,
shillings and pence
12pennies = 1shelling
20shellings= 1pound
• After February 15th 1971 the UK moved to a new system called decimalization
UK currency is known as BRITISH STERLING
UK currency symbol - £ - GBP (Great Britain Pounds)
100 pence ( p ) = 1 pound ( £ )
Example :-
two pound forty pence would be written: £2.40 or GBP 2.40
Twenty pence would be written 20p.
• In Indian currency
1pound =90.5.rs
Currency of UK

13. Commonwealth games
Facts:-
1. They haven't always been called the Commonwealth Games.
2. 1930-1950: British Empire Games
3. 1954-1966: British Empire and Commonwealth Games
4. 1970-1974: British Commonwealth Games
5. 1978-onwards:Commonwealth Games

14. Presented by-
• Shubham Morgaonkar

15. Government

16. constitutional monarchy: a system of government in which a
country is ruled by a king and queen whose power is limited by a
constitution.

19. NATURE OF THE ECONOMY
The ‘Mixed’ Economy
UK is one of the many nations which follows a mixed economy
system.
A mixed economy is an economic system in which both state and
public sector direct the economy.
Thus, the private firms are free to produce and sell goods but it
would be subject to an indirect regulation and control by the
government.

20. REASONS TO GO TO UK
• Recognized leader in the fields of creativity and innovation
• Easiest place to set up and run a business in Europe (World Bank - “Ease of Doing
Business 2011”)
• Internationally competitive location for tax: it has 4 the most extensive network of
double taxation treaties in the world
• The labour market is one of the world’s most flexible and has a strong skill base
• High standard of living, education and recreation (enjoying yourself when you are
not working)
• World-class universities and research institutes involved in undertaking leading-edge
R&D in all business sectors

21. Problems Faced By UK Economy
• Weak Economic Growth
• Labour Productivity
• Government Debt
• Inflation
• Housing Market
• Current Account Deficit
• Brexit Uncertainty
• Scotland Independence
• Low business investment
• Weak productivity growth
• Structural decline in
manufacturing
• Structural lack of competition in
many markets
• Under-funding of public
services

22. Weak Economic Growth
• One of the main problem facing the UK economy at the present time is weak
economic growth, with output below its previous trend rate of growth.
The lost output is due to low
productivity growth and
relatively weak demand
Low economic growth
adversely affects many
different economic problems:
• Fall in real wages
• lower living standards

23. Labour Productivity
• IN last 10 years UK productivity
growth is slipping behind their major
competitors.
• If this trend continues it will have
adverse consequences for living
standards and tax receipts.
• This, in turn, will limit government
spending on public services, such as
healthcare.

24. Inflation
• From one perspective
Inflation is relatively low by
historical standards (currently
just above government’s
inflation target of 2%)
• But, with weak nominal wage
growth, this moderate
inflation is actually causing a
fall in real wages and a fall in
living standards.
In economics, inflation is a sustained increase in the general price level
of goods and services in an economy over a period of time.

25. Housing market
House prices have increased
faster than inflation,
decreasing affordability. This
is particularly affecting young
people who are not on the
property ladder.
• If interest rates increase from
the current lows, it could
adversely affect homeowners
with large mortgages.
Consumers have become
accustomed to historical lows
– if interest rates rise it will
cause a rise in loan defaults.

26. Trade deficit
• The amount by which the cost of a
country's imports exceeds the
value of its exports.
• The UK ran one of the largest
current account deficits on record
last year - the gap was more than
5% of GDP in 2014. Export growth
in the recovery has been
disappointing despite the UK
enjoying a more competitive
exchange rate.

28. Presented by-
Swapnil Semaskar

29. How world war affected the UK ?
• In World war 1 nearly about 7,50000 people
died.
• Political affect dividing country, before world war
19 monarchies, 3republic in Europe , by year
1922 there were 14 republic , 13 monarchies and
2 regencies.
• Encourage increase in taxation, from 6% of
income in 1914 to 25% in 1918.
• End of war Britain had to face financial failure,
implication of war incurred debt in the value of $
14 billion, This occurred devaluation of pounds.

30. The post economy and its impact
• During the war Britain sustained debts that
were 136 % of its GDP, so The basic industry-
never recover from changing economic
circumstances.
• Lack of investment
• By 1921 more than 3 million people were
unemployed
• Inflation exceeded 20 % twice during 1970.

31. Hospitality industry
• In2014 employment in UK hospitality industry
stood at 2.9 million, jobs representing 8.8 %.
• The hospitality industry generated over
6,63,000 jobs since 1998.

32. • Presented by-
Kedar Deshpande

33. Bank Of England
• Central Bank Of England
• Established in 27 July 1694
• Second oldest Central Bank in
Operation
• Worlds 8th old Bank
• Headquarters at Thread needle Street
London
• Currency – Pound Sterling (£)

34. Bank Of England
• Bank issue Bank notes since 1694
• Initially Notes were hand written although
they were partially printed from 1725
onwards
• Notes were fully printed from 1855
• Current Governor – Mark Carney
• Bank Rate - 0.5%
• Website – www.bankofengland.co.uk

35. Banknotes of the pound sterling

36. European Union
• The European Union is set up with the aim of ending
the frequent and bloody wars between neighbours,
which culminated in the Second World War.
• The European Union (EU) consists of 28 member
states.
• The United Kingdom made its first application to join
European union in 1961. And member from 1 January
1973
• Total European Union’s spending in the UK: € 7.052
billion
• Total UK contribution to the EU budget: € 12.760 billion

37. Reasons For Brexit
• Brexit is the prospective withdrawal of
the United Kingdom (UK) from the European
Union (EU).
• The interference of European Union.
• The UK tax payers money goes directly into
European Union, £ 14.5 billion a year.
• The European Union regulations cost UK
businesses over £ 600 million every week.

38. Presented by –
Prajwal shettigar

39. GDP
• The GDP of UK is $2.565 trillion (nominal).
• Sixth Largest Economy in the world measured by nominal
GDP.
• The currency of the UK is the Pound Sterling, which is the
world's third-largest reserve currency and is also one of the
ten most-valued currencies in the world.
• It is the Nineteenth Largest economy measured by GDP per
capita, comprising 3.9 % of World GDP.
• The service sector dominates the UK economy, contributing
around 80% of GDP.
• Of the world's 500 largest companies, 26 are headquartered
in the UK.
• London is the world's largest financial centre.

41. IMPORT COMMODITIES
• Manufactured Goods
• Machinery
• Fuels
• Foodstuffs

42. Top 10 Imports Sales (in goods)
Machinery including computers Vehicles
Electrical machinery and equipment Mineral Fuels including oil
Gems, precious metals Pharmaceuticals
Plastics, plastic articles Optical, technical, medical apparatus
Aircraft, spacecraft Furniture, bedding, lighting, signs, prefab buildings

43. IMPORT PARTNERS
• Germany 13.1 %
• China 9.1 %
• Netherlands 7.5 %
• France 6.1 %
• USA 5.8 %
• Norway 5.5 %
• Belgium 4.9 %

44. Import Sales Countrywide
Germany China Netherlands France USA Norway Belgium

45. EXPORT COMMODITIES
• Manufactured Goods
• Fuels
• Chemicals
• Food
• Beverages
• Tobacco

46. Top 10 Exports Sales (in goods)
Machinery including computers Vehicles
Mineral fuels including oil Gems, precious metals
Pharmaceuticals Electrical machinery, equipment
Aircraft, spacecraft Optical, technical, medical apparatus
Plastics, plastic articles Organic chemicals

47. EXPORT PARTNERS
• USA 11.4 %
• Germany 11.2 %
• Netherlands 8.5 %
• France 7.7 %
• Ireland 6.8 %
• Belgium 5.4 %

48. Export Sales Countrywide
USA Germany Netherlands France Ireland Belgium

49. EXPORT – IMPORT REVENUES
• Imports $654.9 billion
• Exports $495.4 billion

50. Main Industries (Sectors)
• Machine Tools
• Electric Power Equipment
• Automation Equipment
• Railroad Equipment, Shipbuilding, Aircraft, Motor
Vehicles and parts
• Electronics and Communications Equipment
• Metals, Chemicals, Coal and Petroleum
• Paper and Paper Products
• Food Processing
• Textiles and Clothing
• Other Consumer Goods

51. Slower consumer spending growth
dragging down UK GDP growth

52. UK–India Trade Relations
• India is the world's seventh-largest economy and the fourth
largest investor into the UK, while UK investment in India grew
by 8.8% in the year to 2017.
• India is one of the fastest growing major economies in the World,
with annual growth rates of around 7 percent GDP.
• The UK is the single largest G20 investor in India with British
companies employing nearly 800,000 people.
• India is the fourth largest source of FDI into the UK, with more
than 800 Indian owned businesses operating in the UK and
employing around 110,000 individuals.
• The Indian Diaspora in the UK totals about 1.5 million
people and is one of the largest ethnic minority groups in
the country.

53. SUMMARY
• In our main scenario, we project UK growth to
slow from 1.5% in 2017 to around 1.4% in 2018.
• This reflects slower consumer spending growth
but risks to growth are weighted to the downside
due to Brexit.
• Looking beyond Brexit, the key challenge for the
government is to boost UK productivity growth,
which has been the second slowest in the G7 on
average since 2010.
• Migration is also an important element in post-
Brexit policy.