United Kingdom Economy


	The British pound was historically equal to the value of one pound of silver, which is why it is also known as the "pound sterling (symbol: £)."
	Today, the British pound is recognised as one of the world's strongest currencies, and it is the 4th most traded currency in the world.
	The pound sterling is printed on polymer.
	The British Pound is the world's oldest independent currency, dating back 1200 years. The United Kingdom (made up of England, Scotland, Wales and Northern Ireland), Jersey, Guernsey, the Isle of Man, Gibraltar, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha now use it as their official currency.
	The London Stock Exchange is the largest stock exchange in the United Kingdom.
	There were 1,945 companies listed on British stock exchanges in 1999.
	One British pound equals 100 pence. There are coins with denominations of 1, 2, 5, 1, 20, and 50 pence, as well as 1 pound and 2 pound coins.
	The 'Big Bang' occurred on October 27, 1986. This was the name given to the UK's financial market deregulation.
	The London Stock Exchange launched the Alternative Investment Market (AIM) in 1995, its second attempt at creating a market for smaller companies that did not meet the requirements for full listing.
	The London Stock Exchange Group, one of the world's oldest financial institutions, earned more than £2,135 million in 2018, up from £1,955 million in 2017.
	The GDP of United Kingdom is 3.21 tr USD.
	United Kingdom share of total world equity market value is 3.9%.
	There were 2,012 companies trading on the London Stock Exchange as of March 2022.
	Toyota Motor Corporation, a Japanese automotive conglomerate, was the leading company listed on the London Stock Exchange as of March 2022, with a market capitalization of slightly more than 225 billion British pounds.
	The average number of daily trades on the London Stock Exchange (LSE) has increased dramatically. The average daily number of trades exceeded one million in the first months of 2022.
	In 2019, the daily volume of the British pound on UK foreign exchange markets has reached around 3.6 trillion US dollars.
	The average daily turnover of the British pound on global forex markets in 2019 was approximately 200 billion US dollars higher than in 2016.
	One US dollar could only buy 0.80 British pounds.
	The London Stock Exchange and Borsa Italiana combine to form the London Stock Exchange Group (LSEG).
	In April 2022, the United Kingdom's unemployment rate was 3.8 percent.
	In the United Kingdom, the Consumer Price Index inflation rate reached a high of 9.1 percent in May 2022.
	Despite being the world's 80th largest country, the United Kingdom has the 5th largest GDP.
	Although the United Kingdom is not known for its oil production, crude petroleum was the country's third largest export in 2018.
	Despite having the world's 21st largest population, the United Kingdom has the fifth highest number of billionaires.
	A private island in the United Kingdom can be purchased for $351,000.
	Britain's National Health Service is the world's fifth largest employer.
	Most goods and services in the United Kingdom are subject to a 20% sales tax.
	The United Kingdom's economic freedom score is 72.7, ranking it 24th in the 2022 Index.
	In terms of purchasing power parity (adjusted for living costs), the United Kingdom ranked 9th.
	Nearly 5 million workers are now classified as'self-employed,' representing a 45 percent increase since 2000.
	The EU receives 48% of UK exports.