Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Economy of U.K - Research Paper Example

Comments (0) Cite this document
This paper talks that the U.K. is one of the European economic giants. However, the economy has been struggling in the recent years following the global financial meltdown that has affected the country since 2007. But, the crisis affected almost all sectors of the U.K. economy…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.7% of users find it useful
Economy of U.K
Read Text Preview

Extract of sample "Economy of U.K"

Download file to see previous pages Employment situation The global financial crisis that hit the U.K. did impact of all sectors of the economy resulting in high employment rates. However, as the economy continues to solidify, additional jobs continue being created thereby resulting in a slight drop in unemployment rates. The latest employment figure shows that the unemployment rate in the U.K. stood at 7.6% in September 2013. This accounts for a drop of 0.1% compared to the previous quarter where the rate stood at 7.7%. CIA (par. 1). is worth noting that even though the unemployment rate continues to fall, it is unlikely that it will fall sharply due to the job losses experienced in the public sector. The welfare and pension reform introduced by the government is also likely to affect the rate of unemployment since it is likely to attract citizens to join the labor force (Osborne 5). Inflation Inflation is another major problem that U.K. citizens have been grappling with for the past six years. Reports show that the prices of commodities in the country have been increasing at an alarming rate. For instance, the inflation rate in the country was only 1.30% in 2004 and 2.30% in 2007 when the global economic crisis began (BBC News 2). However, the rate increased to 3.60% in 2008 due to rising prices of goods and services marked by hard economic times. Nevertheless, the U.K. government has managed to contain the situation as the country continues to experience a decline in inflation rates every quarter. The U.K. inflation rate fell to 2.20% in October, down from 2.7% the previous month (BBC News 2). In fact, this marks the lowest rate since 2012. The major decline was registered in the transport sector where transport price declined by...
This paper stresses that the U.K. economy has been one of the worst hit by the global financial crisis in Europe. This resulted in a fall in the country’s gross domestic product (GDP) to an all time low. However, GDP figures released recently indicate that the U.K. economy is on the path to recovery. The country’s GDP as of 2012 by purchasing power parity stood at $2.375 trillion according to the CIA.
This stresses that the global financial crisis that hit the U.K. did impact of all sectors of the economy resulting in high employment rates. However, as the economy continues to solidify, additional jobs continue being created thereby resulting in a slight drop in unemployment rates. Inflation is another major problem that U.K. citizens have been grappling with for the past six years. Reports show that the prices of commodities in the country have been increasing at an alarming rate. The trade balance between the U.K. and other countries has not been good since 2007. This is attributable to trade deficit marked by an increase in the value of imports and lower value of exports. Research indicates that the U.K. has been importing goods more than it exports to other countries resulting in a wide trade deficit. The author talks that regarding imports and exports, the biggest U.K. exports for the past few years comprise of nuclear reactors, mechanical appliances, boilers, and nuclear reactors. The second biggest export items in the U.K. include mineral fuels and oils, and their derivatives including mineral waxes and bituminous substances. ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
(“Economy of U.K Research Paper Example | Topics and Well Written Essays - 1000 words”, n.d.)
Economy of U.K Research Paper Example | Topics and Well Written Essays - 1000 words. Retrieved from
(Economy of U.K Research Paper Example | Topics and Well Written Essays - 1000 Words)
Economy of U.K Research Paper Example | Topics and Well Written Essays - 1000 Words.
“Economy of U.K Research Paper Example | Topics and Well Written Essays - 1000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


Vitamin K

...?The Wonder Vitamin People need different kinds of vitamin in order to stay healthy. Vitamins differ in their effect on the body. They are usually found in the food people eat, and are especially needed for the body’s sustenance. However, there is one vitamin that newborn babies need and is injected hours after birth: vitamin K. Known to prevent bleeding in the brain, vitamin K has gained worldwide popularity and has been the subject of research in the past few decades. Discovered in 1929 by the Danish scientist, Henrik Dam, vitamin K has been known as the coagulation vitamin. Its name vitamin K comes from the German word “koagulations.” In his experiment, Henrik Dam (1935) investigated what will happen to chickens if their diet...
2 Pages (500 words) Essay

U choose

... The Art of Expressionism Introduction and Definition Expressionism or “AbEx” in the short form is a term that refers to a movement of largely non representative form of painting. Abstract expressionism came into the art scene in the post-World War II era. Its characteristics were extremely energetic applications of paint and messiness. Critics in the era viewed abstract painting as a youthful antagonism unworthy of the name “art”. Abstract expressionism is also known as Action Painting, Colour Filed Painting or Gestural Abstraction because the strokes of the painting brush revealed the artist’s process. The painting technique is the subject of art itself. According to Harold Rosenberg, Abstract Expression became an event... The Art of...
14 Pages (3500 words) Research Paper

U choose a topic

... playing the games and enjoying themselves. As of 2005, over US$ 35 billion was spent on video game consoles, handled game devices, game software, online games and mobile games. Also, new generation consoles developed by Sony, Nintendo and Microsoft, as from 2005, were projected to push up the sales to over US$ 51 billion, in 2010 (Gamble 198). The video game industry also employs people experienced in other old-fashioned businesses, but some have skills and knowledge tailored to the video game industry. For instance, a majority of recruiters target only game industry experts, which has led to numerous employment opportunities. Through this, it can be noted that this industry is a vital player in the world economy. This paper will discuss...
4 Pages (1000 words) Essay


...K-Swiss: Not Running Fast Enough K-SWISS Inc. 31248 Oak Crest Drive, Westlake Village, California 91361 Tel. (818) 706-5100 A sharp drop in sales, including a 34 percent drop in domestic sales, caused second-quarter 2007 profits to fall for K-Swiss Inc., the Westlake Village, California company founded in 1966 by two brothers from Switzerland, Art and Ernie Brunner, avid skiers who penetrated the sports footwear market with the first all-leather tennis shoes priced three times that of others in the market. In 1986, Steven Nichols bought the company for $20 million. Nichols was then the president of Strike Rite, the maker of Keds. In the next three years, the company was in crisis, but adopting a series of brilliant strategies, Nichols...
18 Pages (4500 words) Research Paper

U can choose one

Introduction (B) Bergen-Belsen Bergen-Belsen was established as a prisoner war camp by Nazi forces and parts of it later became the concentration camp. In 1944 a new segment was shaped and called as the "womens camp that received around nine thousand women and young girls from different places. Most of the people stayed there suffered death because of diseases and hunger.
1. Anne Frank and her sister
In 1944 Nazi started selecting the women to be sent to a labor camp in Upper Silesia. The Frank women were selected in the lot and transported. However, Anne Frank was rejected to be taken since she was suffering from scabies. Her sister also refused to go to the labor camp and preferred to stay with Anne. Later on selections f...
2 Pages (500 words) Essay

K pop

... Task: Cultural technology The Growl song is a sensational composition that the Exo band recorded and performed. The Exo boy band comprises twelve members who have further split into two groups. This band of teenage performers professes considerable versatility in their style. It is crucial to highlight that the Growl song occurs in both Korean and Mandarin versions. The Growl song possesses several elements that the article on cultural technology highlights. The versatility and unique style of the band’s music is notable in their performance. The article highlights that the K-pop singers have infused Western and Asian styles in their music. This suggests that there are versions of Asian elements that they have retained in their Western...
1 Pages (250 words) Essay


... Lecturer: Review and Reflection A review and reflection on this unit’s work creates awareness on several issues that are very practical in everyday life. This work widely contributes and specifically contributes to and informs my current topic of choice (Smoking). Much as there is a call to quit smoking, every reference material starts all the way from the effects of smoking, to oneself and the environment. It gives specific details on cigarette chemical contents, the effects on the body, other side effects of smoking (like diseases) and the eventual effect on the entire body. The work therefore highly informs my current topic choice by nature of ability to dig deep into the echelons of a particular knowledge area and unearth... Lecturer:...
2 Pages (500 words) Assignment


... Cancer and Attempted Suicide Most cancer patients are of the idea that they are factually dead. Existing research studies indicate that the identification of cancer presents a threat of suicide (National Cancer Institute). The danger is often higher just after the diagnosis. All the same, this often depends on the nature and curability of the cancer. While the cancer may still be remediable, the peril of suicide often increases during the first year owing to emotive nervousness. Poisoning is a common method of attempted suicide while hanging has led to the demise of most diagnosed individuals. Apart from AIDS, cancer is the only ailment that presents a life-threatening scenario in which the future is indeterminate. The patient... Cancer and...
2 Pages (500 words) Essay


.... The body is also effective because it shows how FF is one of the drivers of green economy since it less fuel means less CO2 released to the atmosphere. 4. Coordination of ad and advertisers website The ad coordinates with advertiser’s website as it aims at positioning itself well in the market. Since its purpose encompasses attracting customers through the illustrations, which prompts the company update its website often in trying to show each discount offer as well as financial opportunities that are available. This strategy is effective for it prompts numerous clients frequenting the site to find which offer is best and suitable based in terms of affordability as well as comfort. 5. How to improve the ad In enhancing the quality...
2 Pages (500 words) Assignment


... K-pop K-pop emerged in the 1990’s following the liberalization of the media and telecommunications technology inthe country (Oak & Woong 1). Koreans, like everyone else in the world, were exposed to American artists and culture. The Korean youth liked the American artists and music. In addition, the country was experiencing a significant increase in the desire for a more exciting and vibrant form of entertainment as opposed to the ballads and trot music that dominated their leisure time. The period was characterized by significant economic growth in the country that increased the consumption power. As a result, the youth had disposable resources that they could use in consuming popular culture. K-pop emerged to meet the need for a form...
5 Pages (1250 words) Essay

Chinese Economy

As the Chinese government opens its doors to the outside world, China, with its vast lands and the huge supply of labor, is fast becoming one of the world’s most favorite places for investors.
At present, China had developed a hybrid economic structure where half of the economy is still controlled by the government through state ownership of different business establishments and half is now an open market. As one of the world’s leading manufacturers, China is gaining ground. Foreign Direct Investment (FDI) had increased dramatically over the two decades since its economic liberalization began. However, there are important consequences that China must face as its FDI increases. First, China must accelerate integrat...
9 Pages (2250 words) Assignment

Main Features of K Wik-Fit's Human Resource Strategy

K wik-fit employs a strong workforce of 850 employees to execute this task. The case study reveals that the workforce is distinctly tiered into hierarchies of grass-root workers, supervisors and managers. The main employee and HRM context at K wik-fit are that of employee turnover. This context can best be classified as a problematic context as the employee turnover has been very rapid at K wik-fit. Figures reported in the case study indicate that in the K wik-fit’s Lanarkshire call centre the employee turnover used to be as high as 52 per cent. In the year 2001 such high employee turnovers used to translate into vacancy rate as high as 21 per cent. This used to present three-fold HRM problems. There was a colossal waste of...
10 Pages (2500 words) Assignment

History of Gas Prices and their Effect on the Economy

The relation of inflation within a society with the ever-changing oil and gas prices is pretty much significant and one must understand that there is a strong bond present between the two. This strong linkage allows for prices to shoot up whenever there is a sudden upward trend experienced in the oil and gas prices and whenever the gold rates have increased on the global front. With so much at stake and economies coming to a standstill with the uprising trend in the oil and gas prices on a global level, one can only expect problems coming to the fore of the common man and woman present on the street. The worst possible explanation given by experts in the field of oil and gas prices’ regimes is that these are done to benefit...
9 Pages (2250 words) Coursework

An Outlook of U.K Economy

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 business services, account by far for the largest proportion of GDP while industry continues to decline in importance. GDP growth slipped in 2001-03 as the global downturn, the high value of the pound, and the bursting of the "new economy" bubble hurt manufacturing and exports. Output recovered in 2004, to 3.2% growth, then slowed to 1.7% in 2005 and 2.7% in 2006. “ (, 2007)

The most prominent characteristic of the capitalist economy is the control of few people on a large amount of Capital. These people...
6 Pages (1500 words) Term Paper

Growth Performance of Indian Economy

This percentage is expected to rise to 70% by 2030 - the largest in the world, according to a report titled Destination India- from the Investment Commission of India.” (Hood).
We all know that for more than a century, the United States has been one of the largest economies in the world. However the past few years showed major development in some countries, and the focus moved to Asian countries like India and China which were progressing very fast.

According to the experts, share in the total world GDP of India will rise from 6% to 11% by the year 2025. The GDP of India rose to 9.0% during the year 2005-06 again to 9.4% in 2006-07. The projection reports say that India will be 60% the size of the US economy...
6 Pages (1500 words) Assignment

Organizational Behaviour, Types of Ownership, and Mixed Economy Issues

...Organizational Behaviour Task Explain what is meant by the term ‘mixed economy’. A ‘mixed economy’ is referring to the economic system wherein both the private-owned companies and the state-owned companies are present. The economic activities1 of a ‘mixed economy’ normally functions through a combination of capitalism and socialism or both. (Bullock & Trombley, 1999: p. 535) It means that the production of goods within the country is manufactured by both the private and public sector under the control of the government. Task 2: Two friends who work at the same factory are soon to be made redundant. One of them already runs a small business as well as working full time at the factory. Knowing they are likely to receive a quite large...
8 Pages (2000 words) Assignment

The Importance of Tourism to the World Economy

Since the eighties, perceived risk research has been of ongoing interest to tourism researchers, Dolnicar (2005) and Dickson, Chapman, and Hurrell (2000)  states. Contributions often include those which investigate positive risk as a factor in increasing tourists who are seeking a thrill. On the other hand, there are also those who view these risks as something negative, thus avoiding the destinations which are haunted by different risks such as diseases, terrorism and other forms of political instability (Dickson & Tugwell, 2000).

The current qualitative research inquired about the risks perceived by young people as regards both domestic and international traveling. A sample of 23 was interviewed for this purp...
15 Pages (3750 words) Research Paper

Effect of Corporations Moving Jobs Overseas on the Economy

The issue comes into focus, whenever there are political, economic debates or talks about H1B visa limits. The economic slowdown has further led to the intensification of these debates. But, despite apprehensions from different quarters, neither the companies nor the government has said a final word on the trend. Increasing levels of competition amongst the corporate houses have been one of the key highlights of the globalization era. Be it the retail sector, the banking, the automobile, the IT-enabled services, the white goods space, etc. the companies have always been on the lookout for reaching out to more number of customers while doing everything possible to please the existing lot. Leveraging the economies of scale has prove...
8 Pages (2000 words) Coursework

Globalization and Political Economy

Globalization refers to a wide scope of ideas from different spheres through acculturation. As a result, a process of global unification of different aspects of human lives and activities occurs.

The world of politics is also widely considered in the process of globalization. In this context, the government is understood as the world regulator of governments’ actions. In the context of globalization, international governments pass on the baton of the world’s leader. For example, the United States of America is known as the country with a highly developed economy. Recently, China has picked up a baton of the world’s leader. Thus on the international arena survive and prevail in countries with highly de...
7 Pages (1750 words) Term Paper

The International Political Economy of Nursing

Surveys involve the formulation of questions that assist in the gaining of evidence. Other clinical methods such as testing the hypothesis are applied in the collection of data for the formulation of evidence. Evidence-based practice is a vital approach in the field of clinical practice because it does not only put into consideration the current state of the patient but also the previous data and experience on the issue. To understand the connection between evidence-based practice and clinical appraisal, some past information is necessary for consideration. Evidence-based practice can historically be said to have started from the field of medicine, with an earlier name of evidence-based medicine. The simple application of this pra...
7 Pages (1750 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Economy of U.K for FREE!

Contact Us