Economic situation of Great Britain, bank system, industry and agriculture

1
Economic situation of Great Britain, bank system,
industry and agriculture
Maria Komarova
2

• Economic situation of Great Britain
• Bank system
• Industry
• Agriculture

3
Economic situation of Great Britain

• The United Kingdom is a major develop capitalist
  economy. It is currently the world's sixth
  largest by nominal GDP. It is the third largest
  economy in Europe after Germany's and France's in
  nominal terms, and the third largest after
  Germany's and Russia's in terms of purchasing
  power parity.

4
Money

• Modern decimal coinage of the UK was introduced
  in 1971
• Britains currency is the pound of sterling
• Which is divided into 100 pence (p)

5
The new coins in circulation are as follows

• Coppers
• One penny
• Two pence

6

• Silver
• Five pence
• Ten pence
• Twenty pence
• Fifty pence

7

• Gold
• One pound

8
Banknotes

• English banknotes all denominations always
  feature the Queens head on one side
• Scotland has its own banknotes

9
Plastic money

• Credit cards
• Cash cards
• Cheque cards

• If all the cards in the UK were laid end to
  end, they would stretch from the doors of the
  Bank of England to the shores of Africa

10
Bank system

• retail banking, dealing directly with individuals
  and small businesses
• business banking, providing services to
  mid-market business
• corporate banking, directed at large business
  entities
• private banking, providing wealth management
  services to high net worth individuals and
  families
• investment banking, relating to activities on
  the financial markets.

11
Banks of the UK offer a wide range of services

• Personal loans
• Standing orders
• Personal pensions
• Executor services
• Overdraft facilities.
• Bishopsgate, in the City of London

12
Bank of England (the Governor and Company of the
Bank of England)

• The Bank was privately owned and operated from
  its foundation in 1694 until it was nationalized
  in 1946. In 1997 it became an independent public
  organization, wholly-owned by Government, with
  independence in setting monetary policy.

• The Bank has a monopoly on the issue of
  banknotes in England and Wales, although not in
  Scotland or Northern Ireland.

13
Industry

• machine tools,
• industrial equipment,
• scientific equipment,
• shipbuilding,
• aircraft,
• motor vehicles and parts,
• textiles,
• clothing
• paper,

• electronic machinery,
• computers,
• processed metals,
• chemical products,
• coal mining,
• oil production,
• food processing and other consumer goods
• A Rolls-Royce Trent
• 900 engine on the
• wing of an Airbus A380

14

• Energy

• Services

• large coal,
• natural gas
• oil reserves

• banking,
• insurance,
• business services,

15

• The UK retains a significant, although vastly
  reduced, fishing industry. Its fleets, based in
  towns such as Kingston upon Hull, Grimsby,
  Fleetwood, Great Yarmouth, Peterhead,
  Fraserburgh, and Lowestoft, bring home fish
  ranging from sole to herring.

16
Agriculture

• Agriculture is intensive, highly mechanized, and
  efficient by European standards, producing about
  60 of food needs with less than 2 of the labor
  force. It contributes around 2 of GDP.

17
Agriculture products

• cereals,
• potatoes,
• vegetables
• cattle,
• sheep,
• poultry
• fish

18

• In the north-west of England, Wales and Scotland,
  farmers keep cattle and sheep. Sheep can survive
  the cold winters on the hills and moors.
• In the east of England (East Anglia), wheat,
  barley and vegetables grow in enormous fields.
• In the south-west of England, the rich grass is
  ideal for feeding dairy cows.