Economy of United Kingdom
6 pages (1500 words)
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... head: An Outlook of U.K Economy An Outlook of U.K Economy s An Outlook ofU.K Economy
"The UK, a leading trading power and financial centre, is one of the quintets of trillion dollar economies of Western Europe. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanised, and efficient by European standards, producing about 60% of food needs with less than 2% of the labour force. The UK has large coal, natural gas, and oil reserves; primary energy production accounts for 10% of GDP, one of the highest shares of any industrial nation. Services, particularly banking, insurance, and busine...