ESSP TRAVEL GUIDE
UNITED KINGDOM
UK has the world's fifth-largest economy by GDP and tenth-largest economy by purchasing power parity.
LIVING
TRAVEL
INVESTMENT
GDP
$2.945 trillion
GDP per capita
$45,653
GDP Growth Rate
1.7% annual change (2013), slow to 0.3%
in the 1st quarter of 2015
DEBT Ratio
42.57% of GDP (2014)
When Joined EU
January 1, 1973
Government
Unitary Parliament, Constitutional Monarchy
Political/Economic Backgrounds
UK became a unified state in 1707
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Unified Kingdom of Great Britain
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The Prime Minister is David Cameron
UK joined the EEC in 1973
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Part of the first enlargement
Referendum in 1975
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To be repeated in 2017
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"Should the UK stay in the EU?"
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UK chose to opt-out from Eurozone to keep the independent currency
UK Independent Party
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UKip
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Strives to convince the UK to leave the EU
UK in the EU
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Benefits: free trade and free movement of people
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Disadvantages:
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Paying fees to stay in the EU
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Don't have their own border control
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Too many rules and regulations on businesses
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EU has changed
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Britain is being held back
INVESTMENT ANALYSIS
Investing in the UK is very prevalent right now because:
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The economy is growing rapidly and is stable
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Low inflation rates
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20% Corporate tax
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GDP in the UK is $2.945 trillion
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GDP per capita is $45,653 as of 2014
Industries
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Main industries that fuel the UK economy are:
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Service sector
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Financial Services Industry
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Pharmaceutical Industry
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Automotive Industry
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Oil and Gas Industry
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PERSONAL EXPERIENCE
" The customer service was very good in London contrary to what we expected. Learning about the EU in terms of standards, regulations and history helped understand the UK much more. Even though the UK economy is doing really well right now, you still see fuel-efficient cars on the roads. Liverpool was a fascinating place to visit because of the different museums they have dedicted to thier history, such as the Titanic museum and The Beatles muesum. "
Catherine Aiello
" Being able to embrace myself in football culture was extremely rewarding; and the landmarks in Manchester and London, although smaller than expected, were as exhilarating as the pictures make them seem."
Farhaan Dhrolia
" Go see the mummy of Cleopatra at the British Museum."
Jennifer Martinez Pinillo
" The best thing I did in London was seeing Miss Saigon in the West End."
