UKUKEconomyEconomy

What we are going to talk about

PrimaryPrimary SectorSectorSecondarySecondary SectorSectorTertiaryTertiary SectorSector

Import & ExportImport & Export FinanceFinance & & CurrencyCurrency

Introduction Sixth-largest national economy in the Sixth-largest national economy in the

world and the third-largest in Europe after world and the third-largest in Europe after Germany and FranceGermany and France

Naval Power since the victory against the Naval Power since the victory against the Spanish's Invincible ArmadaSpanish's Invincible Armada

First country in the world to industrializeFirst country in the world to industrialize Decline from 20Decline from 20thth century century Currently with a strong economy and Currently with a strong economy and

currencycurrency

Primary Sector QuiteQuite productivelyproductively efficientefficient agricolture (2/3 agricolture (2/3

ofof thethe nationalnational consummationconsummation ofof foodfood) ) Highlands (north): farmingHighlands (north): farming Lowlands (south): cropsLowlands (south): crops Fishing in the Atlantic Ocean and in the Fishing in the Atlantic Ocean and in the

North SeaNorth Sea Mines (north and centre): coal and ironMines (north and centre): coal and iron

Secondary Sector StartedStarted withwith thethe eventevent ofof thethe EnclosuresEnclosures Engineering: Engineering: JapaneseJapanese multinationalsmultinationals ( (NissanNissan, ,

HondaHonda andand ToyotaToyota) ) andand originaloriginal EnglishEnglish firmsfirms ElectronicsElectronics: : MultinationalsMultinationals (IBM, (IBM, HitachiHitachi, , andand

SonySony) ) andand “M4 “M4 CorridorCorridor” (” (similarsimilar toto thethe SiliconSilicon ValleyValley))

ChemicalsChemicals: : ShellShell ( (Petrol chemicalsPetrol chemicals) ) andand GlaxoGlaxo Wellcome (Medicine)Wellcome (Medicine)

FoodFood IndustryIndustry: : thethe mostmost popularpopular productproduct isis thethe WhiskyWhisky

Bulding Construction is a major employerBulding Construction is a major employer Textiles: First industry since the Industrial Textiles: First industry since the Industrial

Revolution. Uses the indian cotton and the local Revolution. Uses the indian cotton and the local wool wool

Tertiary Sector Generous investments on Healthcare and Generous investments on Healthcare and

EducationEducation Transport: very developed in all type of Transport: very developed in all type of

transporttransport Telecommunication: duopoly of BBC and IBATelecommunication: duopoly of BBC and IBA Tourism: 7Tourism: 7thth biggest touristic destination. biggest touristic destination.

Main touristic attraction: Tower of London.Main touristic attraction: Tower of London.Scotland: kilt and bagpipeScotland: kilt and bagpipe

Investments of UK's Government in the different tertiary sectors

Import & Export Import: Import: spices, silk and Indian tea (India)spices, silk and Indian tea (India)

cocoa, coffee, wood, gold and diamonds cocoa, coffee, wood, gold and diamonds (Africa)(Africa)

Export: manufacturedExport: manufactured goods, fuels, chemicals goods, fuels, chemicals (medicines), food, beverages and tobacco while (medicines), food, beverages and tobacco while it imports food, raw materials and manufactured it imports food, raw materials and manufactured goods as wellgoods as well

Finance & Currency Largest financial capital in the world after USA Largest financial capital in the world after USA

and Japan and Japan The most important insurance company is The most important insurance company is

Lloyds Lloyds London Stock Exchange: the English Wall London Stock Exchange: the English Wall

StreetStreet Currency: Pound Sterling (Currency: Pound Sterling (£)£)