United Kingdom Country analysis

1. UK : COUNTRY ANALYSIS
PRESENTED BY:
APURVA KUMAR
GAURAV
KUSHAGRA SETH
PRACHI SAWANT
SHRADHA KULKARNI
VISHWAS DIXIT

2. POLITICAL/LEGAL ASPECT
1. Political System:
- It follows framework of parliamentary democracy under a constitutional monarchy.
- It is divided in to 3 main branches
a) Executive b) Legislative c) Judiciary
- I has multiparty system and 2 largest political party namely conservative party and Labour
party
2. Trade Policy:
- The UK TPO, partnership between Chatham house and university of Sussex to support
development of new trade policies
- Engages in 7 Priority areas:

3. 3. United Corruption Rank:
- It is a 10th least corrupted nation out of 175 countries.
- Corruption rank in the UK averaged 12.91 from 1995 until 2016.
- UK Corruption index
Corruption Index

4. 4. Assessment of Citizen Freedom:
- Human rights are set out in common law, with its strongest roots being in the English Bill of
rights 1689 and Scottish claim of right act 1689.
- Convention right in domestic law:
I. Right to life
II. Freedom of thought, conscience and religion
II. Freedom of Expression
IV. Freedom of assembly and association.
V. Right to respect for privacy and the home.
5. Property Rights:
- Real Property : a) UK has Robust real property laws.
b) Interests in property are well enforced and mortgages.
Intellectual Property Rights: a) UK is member of World Intellectual Property Organisation
b) Also member of major intellectual property protection agreement.

5. 6. Enforcement Of Contracts :
1. Privity of Contract
2. Consideration
3. Exceptions to the rule on Past Consideration
4. Formalities
5. Contracts which must be writing
6. Authorised Signature and Authorised Persons
7. Capacity
8. Battle of the Forms
9. Exclusion Clauses
10. Breach

6. ECONOMICAL ASPECT
Standard of Living:-
• Cost of living in United Kingdom is 3.77% higher than in United States (aggregate data for all cities, rent
is not taken into account). Rent in United Kingdom is 13.90%lower than in United States (average data
for all cities).
• Degree of poverty
o 7.3% of the UK population were experiencing persistent poverty, equivalent to roughly 4.6 million
people. Persistent poverty is defined as experiencing relative low income in the current year, as well as at
least 2 out of the 3 preceding years.
o Of the 28 EU countries, the UK had the fifth lowest rate of persistent poverty (7.3%)
(Source: https://visual.ons.gov.uk/five-facts-about-the-uk-service-sector/)
Particulars Percentage %
Primary Sector Agriculture 0.6
Secondary Sector Manufacturing 19.2
Tertiary Sector Service 80.2
Structure of Economy

7. Average Cost of Accommodation in
London
Flat-Share Rental per month
One Bedroom Flat Rental
per month In Rupees
East London
£350 - £450 (single), £550 - £720
(double)
East
London
£900 -
£1000
78600-
87334
West London
£350 - £430 (single), £450 - £690
(double)
West
London
£850 -
£960
74200-
83840
South London
£450 - £600 (single), £450 - £800
(double)
South
London
£720 -
£840
62880-
73360
North London
£350 -£500 (single), £500 - £700
(double)
North
London
£750 -
£900
65500-
78600
UK cost of Food & Drink In Rupees
Average weekly grocery bill (including food, basic
laundry and toiletry items for 2 people) £80 - £100 6990-8733
Average pub meal £8 - £12 700-1050
Average restaurant meal £15 - £25 1310-2180
Pint of beer £3 - £3.50 260-305
Average bottle of wine £10 870
Average meal for two in mid-priced restaurant £40 3500
UK cost of Entertainment
Movie £10-£15 870-1310
West End Theatre £25+ 2180+
Club/Pub Entry £10 - £40 870-3500
Live music/concerts £15+ 1310+

8. country 2004 2014
United Kingdom 36.0 34.1
GDP (purchasing power parity):
$2.785 trillion (2016 est.)
$2.701 trillion (2015 est.)
$2.615 trillion (2014 est.
Rank:- 10
GDP - real growth rate:
8% (2016 est.)
2% (2015 est.)
1% (2014 est.
Rank:-144
GDP - per capita (PPP):
$42,400 (2016 est.)
$42,000 (2015 est.)
$41,400 (2014 est.
GINI INDEX

9. Year Jan Feb Mar Apr May June July August Sept Oct Nov Dec Annual
2017 1.80% 2.30% 2.30% 2.70% 2.90% 2.70% 2.60% 2.90% 2.90% 3% 3.10%
2016 0.30% 0.30% 0.50% 0.30% 0.30% 0.40% 0.60% 0.60% 1% 0.90% 1.20% 1.60% 0.70%
2015 0.30% 0% 0% -0.20% 0.10% 0% 0.10% 0.10% -0.10% -0.10% 0.20% 0.20% 0%
2014 2% 1.70% 1.60% 1.80% 1.50% 1.90% 1.60% 1.50% 1.20% 1.30% 0.90% 0.50% 1.50%
2013 2.60% 2.80% 2.80% 2.40% 2.70% 2.90% 2.80% 2.70% 2.70% 2.20% 2.10% 2% 2.60%
2012 3.60% 3.40% 3.50% 3% 2.70% 2.40% 2.50% 2.50% 2.20% 2.60% 2.70% 2.60% 2.80%
2011 4% 4.30% 3.90% 4.50% 4.50% 4.20% 4.50% 4.50% 5.10% 5% 4.80% 4.30% 4.50%
2010 3.40% 3% 3.40% 3.70% 3.50% 3.20% 3% 3.20% 3.10% 3.20% 3.20% 3.60% 3.30%
2009 3% 3.10% 2.90% 2.40% 2.10% 1.80% 1.90% 1.50% 1.20% 1.50% 2% 2.90% 2.20%
2008 2.20% 2.50% 2.50% 2.90% 3.40% 3.90% 4.40% 4.80% 5.10% 4.40% 4% 3% 3.60%
Inflations

10. CONTRIBUTIONS TO THE CPIH 12-MONTH RATE: NOVEMBER
2016 AND NOVEMBER 2017, UK
Source: Office for National Statistics

11. Budget:
revenues: $1.029 trillion
expenditures: $1.107 trillion (2016 est.)
Taxes and other revenues:
39.2% of GDP (2016 est.)
Budget surplus (+) or deficit (-):
-2.9% of GDP (2016 est.)
Exports:
$407.3 billion (2016 est.)
$439.4 billion (2015 est.)
country comparison to the world: 11
Imports:
$588.4 billion (2016 est.)
$622.3 billion (2015 est.)
country comparison to the world: 5
Current account balance:
$-114.5 billion (2016 est.)
$-122.6 billion (2015 est.)

12. Foreign exchange system:-
Type of system- Floating
Reserves of foreign exchange and gold:
$135 billion (31 December 2016 est.)
$129.6 billion (31 December 2015 est.)
Corporate tax structures:-
Rate 2017 2016 2015 2014
Small profits
rate 19% 19% 19% 19%
(companies with profits under £300,000)
Main rate 30% 30% 30% 30%
(companies with profits over £300,000)

13. SOCIOECONOMIC AND CULTURAL ASPECT
1 . Growth Of Population :
- The current population of the United Kingdom is 66,392,492 as of Sunday, January 14, 2018,
based on the latest United Nations estimates.
- The United Kingdom population is equivalent to 0.88% of the total world population.
- The U.K. ranks number 21 in the list of countries (and dependencies) by population.
- The population density in the United Kingdom is 274 per Km2 (709 people per mi2).
- The total land area is 241,930 Km2 (93,410 sq. miles)
- 81.0 % of the population is urban (53,627,859 people in 2018)
- The median age in the United Kingdom is 40.3 years.

14. 2 . Labour Force :
- Total in United Kingdom was reported at 33881982 in 2016 according to the World Bank
collection of development indicators, compiled from officially recognized sources.
- Level of Unemployment -
a) UK unemployment rate stood at a 42-year low of 4.3 percent in the three months to
October of 2017
b) Unemployment Rate in the United Kingdom averaged 7.08 percent from 1971 until 2017

15. 3 . Hiring and Firing System of Employees :
• When can an employer dismiss an employee? In order to dismiss an
employee, and avoid any potential litigation claims of unfair dismissal, it is
fundamental that an employee is only dismissed where there is a potentially
fair reason to do so. There are five potentially fair reasons for dismissing an
employee and those are Conduct Capability or qualifications Redundancy
Illegality Some other substantial reason which is not covered by the four
categories above, such as a personality clash between colleagues which
cannot be resolved.

16. 4. Gender Role:
• Until the middle of the 20th Century, gender roles were very much male dominated.
• Although women were accepted in the military and the police force, their roles tended to be
passive in contrast to their male counterparts.
• in the 1970s national debate began to materialise championing the employment rights of
women in society.
• The discussion regarding women during this period concentrated upon life balance between
the workforce and family.

17. 5. Ethnic Groups
The 2001 UK Census classified ethnicity into several groups:
White, Black, Asian, Mixed, Chinese and Other.
These categories formed the basis for all National Statistics ethnicity statistics until the 2011 Census results
were issued.
(https://en.wikipedia.org/wiki/Ethnic_groups_in_the_United_Kingdom)

18. Union In UK:
• General Federation Of Trade Union(GFTU)
• Scottish Trades Union Congress(STUC)
• Trades Union Congress(TUC) founded in 1867
• The structure of the unions were based in contract sand the rights of members depended on being
able to show some proprietary interest to be specifically enforced.

19. • Thankyou