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

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Economic situation of Great Britain, bank system, industry and agriculture Maria Komarova Economic situation of Great Britain Bank system Industry Agriculture ... – PowerPoint PPT presentation

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Title: 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.
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