Chapter 5economy

Foreign Language Teaching and Research Press
A Guide to English-Speaking Countries
Services industries
Services industries, especially, business and financial services—the strongest performing sector in the UK economy London—the strongest performing region in the UK
—Margaret Thatcher
Foreign Language Teaching and Research Press
A Guide to English-Speaking Countries
Current British Economy
the world's fifth largest economy (after US, Japan, Germany and China)
East coast of Scotland
Large amount of coal (kept for future use)
Highly developed & efficient main road and rail network and airports
Foreign Language Teaching and Research Press
Foreign Language Teaching and Research Press
A Guide to English-Speaking Countries
Finance (Cont.)
The London foreign exchange market is the largest in the world, with daily turnover of $504bn in April 2001, accounting for 31% of global turnover, more than New York and Tokyo combined.
The United Kingdom of Great Britain and Northern Ireland
Chapter 5
Economy
英 语 国 家 概 况
A Guide to English-Speaking Countries
“In politics if you want anything said, ask a man. If you want anything done, ask a woman.”
Foreign Language Teaching and Research Press
BANKING
Foreign Language Teaching and Research Press
A Guide to English-Speaking Countries
Finance (Cont.)
The Bank of England
the central bank of the UK—a
Finance (Cont.)
London is the world's largest fund management centre, and the leader in the management of overseas clients nondomestic portfolios.
Fund Management
Foreign Language Teaching and Research Press
A Guide to English-Speaking Countries
Finance (Cont.)
Securities Dealing
London is the major centre for the international bond market. London-based book runners accounted for about 60% of international bonds issued, with 70% of trading in the secondary market, including eurodenominated issues, also based in London
Foreign Language Teaching and Research Press
A Guide to English-Speaking Countries
Agriculture
Mild climate—favorable environment for agriculture and stock raising Important crops—wheat, barely, sugar beet, potatoes. Dairy farming, fishing Manufacturing—still playing important role
Foreign Language Teaching and Research Press
A Guide to English-Speaking Countries
Primary Industries in the UK
Agriculture is intensive, highly mechanised, and efficient by European standards, producing about 60% of food needs with less than 2% of the labour force 3rd quarter of 2007. It contributes around 2% of GDP. Three quarters of Britain’s land is used for agriculture, with about a quarter of that under crops, and the rest is grazing for animals.
nationalized industry operated on behalf of the government.
controls the currency and acts
as banker both to the government and to the commercial banks
The UK's people are the world's twelfth richest
Sterling英国货币 — performed relatively well against major currencies in recent years
Foreign Language Teaching and Research Press
A Guide to English-Speaking Countries
Energy Production
Coalfields are mostly located in Central Scotland, Central England and South Wales. 3 Big producers: Shell, British Petroleum (BP), British Gas (BG)
Foreign Language Teaching and Research Press
A Guide to English-Speaking Countries
Tourism is very important to the British economy. With over 27 million tourists arriving in 2004, the United Kingdom is ranked as the sixth major tourist destination in the world. London is the most visited city in the world with 15.6 million visitors in 2006, ahead of 2nd placed Bangkok (10.4 million visitors) and 3rd placed Paris (9.7 million).
Foreign Language Teaching and Research Press
A Guide to English-Speaking Countries
Natural Resources & Infrastructures
Principal resources—oil and gas (in the North Sea, on the coast of Scotland)
Foreign Language Teaching and Research Press
A Guide to English-Speaking Countries
Britain’s companies are active in al major fields of Manufacturing industry, but are particular strong in pharmaceuticals, chemicals, aerospace, and food and drink. Britain’s electronics industry is the fourth largest in the world, but in many cases foreign-owned.
London Eye
Foreign Language Teaching and Research Press
A Guide to English-Speaking Countries
Finance
Importance of institutions of City of London cannot be over-emphasized known as the world’s leading international financial centre Over 550 international banks and 170 global securities houses have offices in London
Foreign Language Teaching and Research Press
A Guide to English-Speaking Countries
Foreign Language Teaching and Research Press

A Guide to English-Speaking Countries
A Guide to English-Speaking Countries
A general picture of the UK Economy
Primary industries: agriculture, fishing, and mining. Secondary industries: manufacturing Tertiary industries: services, such as banking, insurance, tourism, and the selling of goods.
aims to maintain the integrity and value of the
currency, maintain the stability of the financial system and ensure the effectiveness of the financial services sector.