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UK Economy

UK Economy. What we are going to talk about. Primary Sector Secondary Sector Tertiary Sector Import & Export Finance & Currency. Introduction. Sixth-largest national economy in the world and the third-largest in Europe after Germany and France

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UK Economy

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  1. UK Economy

  2. What we are going to talk about • PrimarySector • SecondarySector • TertiarySector • Import & Export • Finance & Currency

  3. Introduction • Sixth-largest national economy in the world and the third-largest in Europe after Germany and France • Naval Power since the victory against the Spanish's Invincible Armada • First country in the world to industrialize • Decline from 20th century • Currently with a strong economy and currency

  4. PrimarySector • Quiteproductivelyefficient agricolture (2/3 ofthenationalconsummationoffood) • Highlands (north): farming • Lowlands (south): crops • Fishing in the Atlantic Ocean and in the North Sea • Mines (north and centre): coal and iron

  5. SecondarySector • StartedwiththeeventoftheEnclosures • Engineering: Japanesemultinationals (Nissan, HondaandToyota) andoriginalEnglishfirms • Electronics: Multinationals (IBM, Hitachi, andSony) and “M4 Corridor” (similartotheSiliconValley) • Chemicals: Shell (Petrol chemicals) andGlaxo Wellcome (Medicine) • FoodIndustry: themostpopularproductisthe Whisky

  6. Bulding Construction is a major employer • Textiles: First industry since the Industrial Revolution. Uses the indian cotton and the local wool

  7. Tertiary Sector • Generous investments on Healthcare and Education • Transport: very developed in all type of transport • Telecommunication: duopoly of BBC and IBA • Tourism: 7th biggest touristic destination. Main touristic attraction: Tower of London.Scotland: kilt and bagpipe

  8. InvestmentsofUK'sGovernment in thedifferenttertiarysectors

  9. Import & Export • Import: spices, silk and Indian tea (India)cocoa, coffee, wood, gold and diamonds (Africa) • Export: manufactured goods, fuels, chemicals (medicines), food, beverages and tobacco while it imports food, raw materials and manufactured goods as well

  10. Finance & Currency • Largest financial capital in the world after USA and Japan • The most important insurance company is Lloyds • London Stock Exchange: the English Wall Street • Currency: Pound Sterling (£)

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