Britain's industry and the economy

ASSIGNMENT: How would you account for (=explain) the relative mastery of the British prudence during the delay decade or so? Are in that respect some(prenominal) aspects which otherwise EU countries could learn from? Do you commend there are any negative aspects to this economic information? natural facts about United Kingdom?s economyThe UK is the area?s fifth largest economy in the world in monetary value of market exchange rates and the 6th largest by buying power parity (PPP). In atomic number 63 only Ger some(prenominal) has the bigger economy than United Kingdom. The Capital of Britain, London, belongs to the cities that are financial centres of the world. The UK conjugate into the European Communities (predecessor of European Union) in 1973 and it?s also share of G8, which is known as a classify of the most of the essence(predicate) industrial countries in the world. Britain?s industry is launch terzetto firmaments, the primary sector, the manufacturing an d service sectors. Like in galore(postnominal) other welfare states, the biggest sector is the service (73% of GDP), when the industrial sector covers 26% while agriculture cover not much than 1 %. /1, 2, 3/How did the British economies resurface under Thatcher?Britain was an efficient outstanding power still at the turn of 1800 and the 1900s. Its success was based on a stronger industrialization. The Second World fight and weakened Britains economy.

It caused recessionalion, relative high unemployment and inflation, structural changes in the matter economy, and a lack of competitiveness in industrial and practiced life. /4; pag es 184-189/When the Margaret Thatcher?s gove! rnment was appointed in 1980?s, galore(postnominal) actions were initiated to kick-start the economy. When almost all the important industries and services had been state have since the 1940s, Thatcher makes her move and started to privatise these. The electricity, gas and English water industries were recess up and sold off. The British Government... If you want to get a full essay, order it on our website: BestEssayCheap.com

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