...UK AUTOMOTIVE AT A GLANCE UK AUTOMOTIVE INDUSTRY: PROFILE MANUFACTURING THE SOCIETY OF MOTOR MANUFACTURERS AND TRADERS MOTOR INDUSTRY FACTS 2014 REGISTRATIONS VEHICLES ON THE ROAD ENVIRONMENT CONTENTS WHAT IS SMMT? The Society of Motor Manufacturers and Traders (SMMT) supports and promotes the interests of the UK automotive industry at home and abroad. Working closely with member companies, SMMT acts as the voice of the motor industry, promoting its position to government, stakeholders and the media. SMMT represents more than 600 automotive companies in the UK, providing its members with a forum to voice opinions on issues affecting the automotive sector, guiding strategies and building positive relationships with government and regulatory authorities. As one of the largest and most influential trade associations operating in the UK, SMMT’s resources, reputation and unrivalled automotive data place it at the heart of the UK automotive industry. UK AUTOMOTIVE AT A GLANCE UK AUTOMOTIVE INDUSTRY: PROFILE MANUFACTURING REGISTRATIONS To find out how to join SMMT and for more information, visit www.smmt.co.uk/memberservices or e-mail membership@smmt.co.uk. VEHICLES ON THE ROAD ENVIRONMENT www.smmt.co.uk CONTENTS 02 CONTENTS UK AUTOMOTIVE AT A GLANCE ................................. 4-5 REGISTRATIONS ........................................................ 16 Cars by fuel type ......................................................
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...A short history on the economic background of the country United Kingdom is a very old country consists of England, Scotland, Wales and Northern Ireland. In the 18th century, the UK was among the first country in the world to industrialize and during the next century it became one of the dominating countries in the global economy. (Martinez, 2013) In the turn of the century, the UK remains among the great economies of the world trailing behind the US and some European countries. In recent times, the UK service sector makes up the bulk of its GDP with London and Edinburgh as among the biggest and busiest financial centers in the world. Being an old country, UK is bursting with historic monuments, royal palaces museums and some of the world’s cherished heritage sites (UNESCO). Tourism is among the important income generating sectors in its economy with millions of tourist visiting the country from around the world making it a UK £127 billion a year industry and provides employment for about 3 million people ("Britain's tourism industry,”). The United Kingdom’s economic freedom has reached a score of 74.8, making its economy the 14th freest according to the 2013 Index of free economies. It scored 0.7 point higher than its last year’s ranking and reflects efforts to improve the control of government spending. In regional terms, the U.K. is graded 5th in the Europe region. (Kim, Miller , Holmes & Roberts, 2012). Image source: Berkshire - Reading Market Place showing Salmons...
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...The UK is the 6th largest economy in the world according to GDP (current prices, US dollars) and the 8th largest in the world according to GDP (PPP). In 2012, the UK’s GDP (current prices) was $2.44 trillion and its GDP (PPP) was $2.336 trillion. For January to March 2014, the UK employment rate for those aged from 16 to 64 was 72.7%. The equivalent figures for the countries were 73.5% for Scotland, 72.9% for England, 70.0% for Wales and 67.8% for Northern Ireland. For January to March 2014, the UK unemployment rate for those aged 16 and over was 6.8%. The equivalent figures for the countries were 7.2% for Northern Ireland, 6.8% for both England and Wales, and 6.4% for Scotland. In 2009/10 to 2011/12, the annual average direct tax (such as income tax and National Insurance) paid by all UK households was £7,360 per household. By country, Scotland paid £7,056 per household, Northern Ireland paid £5,647 and Wales paid £5,564. In 2012/13, UK public sector net borrowing was £115.1 billion (7.4% of UK GDP), this excludes transfers related to the Bank of England Asset Purchase Facility and Royal Mail Pension Scheme. When these two transfers are included net borrowing was £80.7 billion (5.1% of UK GDP). These figures are for the same time period as the latest available figures for Scotland. At the start of 2013, Business Population Estimates showed that Scotland had the fewest registered private businesses per 10,000 adults in the UK at 740, followed by 753 in Wales, 785 in Northern...
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...ECONOMIC ESSAY The Economy of the United Kingdom Tran Duc Trung CDLYMY tranductrung2291@gmail.com TABLE OF CONTENTS Economic Policy of the UK…………………………………………………. 1.Introduction 2 2.Main (a) Overview of the UK economic 2 (b) Monetary policy and Fiscal Policy 3 (c) The purpose of Fiscal Policy 5 (d) Monetary Policy – Reflation and Deflation 10 (e) Policy of UK in 2011 12 3. Conclusion 16 4. References 17 1. Introduction. Unfortunately, UK entered its worst recession since World War 2 in 2008. However the UK economy grew by 1.2 per cent in the second quarter of 2010 and 0.8 per cent in the third, the fastest consecutive growth in over 10 years, accelerating from the 0.4 per cent growth recorded in the first quarter of 2010 and 0.4 per cent growth in fourth quarter of 2009.The U.K. economy has grown 2.8% since the end of the recession; the UK economy has recovered twice as fast as expected so far. The UK is currently ranked fourth in the world (and first in Europe) in the World Bank's Ease of Doing Business Index. In the third quarter of 2010 the trade deficit in real terms decreased to £9.7 billion from £10.9 billion. Exports of goods and services rose 2.2 percent whilst imports rose 0.7 percent. The GDP implied deflator rose by 3.0 percent compared with the third quarter of 2009. Compensation of employees at current prices rose by 0.3 percent in the latest quarter and is 2.9 per cent higher than...
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...international trading power. A highly developed, diversified, market-based economy with extensive social welfare services provides most residents with a high standard of living. The UK joined the European Economic Community (now known as the EU) in January 1973 and it is a founder member of the World Trade Organization. The United Kingdom is one of the world’s leading advanced economies. And it is the second biggest exporter of services in the global economy and ranked eighth in global exports of goods. The United Kingdom is the world's fifth-largest trading nation, highly dependent on foreign trade. It must import almost all its copper, ferrous metals, lead, zinc, rubber, and raw cotton and about one-third of its food. The United Kingdom's exports manufactured items like telecommunications equipment, automobiles, automatic data processing equipment, medicinal and pharmaceutical products and aircraft. Its main trading partners are European Union countries, The United States, China and Japan. United Kingdom is also the European Union's only significant energy exporter. It is also one of the world's largest energy consumers, and most analysts predict a shift in U.K. status from net exporter to net importer of energy by 2020, possibly sooner. Oil production in the U.K. is leveling off. Therefore, UK should export the oil energy from foreign countries. The economy of the United Kingdom is now primarily based on private enterprise, accounting for approximately four-fifths of employment...
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...of immigration has soared in Britain. 150.000 Rumanians are believed to live in London alone, and the net immigration to Britain between 1991-2012 was more than three million.1 The massive level of immigrants has left a negative opinion about immigrants. According to surveys, 60% believed that immigrants did more harm than good, and 77% believed that a dramatic reduction in immigration would benefit the economy.2 The government of the UK has been criticised for not doing their job well enough. The public opinion is that immigration is a burden to public service and the country but that they may still be important for some parts of the national economy. Immigrants are believed important in order to take jobs that native British people do not want. According to new researches, the public opinion is mostly wrong. OECD presented a report back in 2011 stating that immigration was neither beneficial nor harming for national economies. The Offices for National Statistics presented another report, concluding that immigrants in the UK gets better education than their British counterparts.3 But how come that the public opinion is so, when facts are stating something different? What do the British people see, that studies are unable to catch? What has caused this immigration phobia? Ladies and...
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...Examine the state and extent of poverty in the UK Absolute poverty measures the number of people living below a certain income threshold or the number of households unable to afford certain basic goods and services. Whereas, Relative poverty measures the extent to which a household's financial resources falls below an average income threshold for the economy. Although living standards and real incomes have grown because of higher employment and sustained economic growth over recent years, the gains in income and wealth have been unevenly distributed across the population. Poverty is caused by both a low real national income relative to a to a countries total population size and by inequalities in the distributions of income and wealth. The former leads to absolute poverty for most of a countries inhabitants, whereas the latter causes relative poverty. Discussions surrounding poverty in the United Kingdom tend to be of relative poverty rather than absolute poverty. The poverty trap affects people on low incomes. It creates a disincentive to look for work or work longer hours because of the effects of the tax and benefits system. For example, a worker might be given the opportunity to earn an extra 50 a week by working ten additional hours. This boost to his/her gross income is reduced by an increase in income tax and national insurance contributions. The individual may also lose some income-related state benefits. The combined effects of this might be to take away over...
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...UK Questions What’s the difference between the United Kingdom and Great Britain? One is a country and the other is an island What’s the name of the Flag of the United Kingdom? Union flag Why does the flag look the way it does? United kingdoms flag is Scotland’s, Ireland’s and England’s flag together In which ways does Northern Ireland differ from the rest of Ireland? What’s the official name of Ireland? Where are Geordie, Cockney and Scouse dialects spoken? What languages other than English are spoken in Northern Ireland, Scotland and Wales? 98% of the population are speaking English. The other language is Gaelic. What proper names and adjectives are used about the populations of the four nations? Denmark, Danish, Danes, Dane Britain, British, Brits, Brit England, English, English, English man Scotland, Scottish, Scots, Scot Wales, Walish, wales, wale N. Ireland, Irish, Irish, Irish men Which cities are the capitals of the four nations of the UK? England-London Scotland-Edinburgh Wales-Cardiff Northern Ireland-Belfast What’s the nearest equivalent to “Folkekirken” in the UK? Church of England What are Bank Holidays? Bank Holiday is a day when many people celebrate and most of the stores are closed. Is the UK a Constitutional Monarchy? They have a queen. What are the main political parties in the UK? What are the names of their current leaders? What is the House of Lords, and what characterises its members? What can the House of Lords do...
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...researchandmarkets.com/reports/466097/ UK Supermarket Analysis (2007-2010) Description: This report on “UK Supermarket Analysis (2007-2010)" gives an opportunity to the readers to navigate through the supermarket landscape in UK. Throwing light on all aspects of the supermarket industry in UK, this report provides the readers with detailed analysis of factors that are propelling the industry, plus the opportunities and challenges in the market. The report includes PEST Analysis of the industry. This report also helps the investors to identify the different consumer classes served by different supermarkets in UK. Key Findings - Online retail will emerge as an important mode of selling. - Each Supermarket in UK has its own consumer class. - Top four Supermarkets hold major market share (almost 75%) in UK. - Increasing buying power of retailer remains the major driver for the industry. Key Issues and Facts Analysed The research report also addresses the issues and facts that are critical to the success of UK retail industry in particular. - Overview of current market trends. - Profile discussion (their respective consumer class, and store formats, etc) of key players in this sector. - Analysis of various challenges and opportunities existing in the industry. - What is the market size and scope of retail in UK? - What and where are the growth prospects and issues related to the industry? - What are the factors driving growth in this sector? - Who are the key players of UK Retail Industry? Key Players...
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...ASSESSMENT OF MACROECONOMIC Name: Zihan Wang(Hans) Class: A3 Date: 2013-05-28 Title Explain the government's various macroeconomic objective and their importance to UK economic. Is it possible for government to achieve all these objective at the same time? Individuals, governments, firms and nations make selection on apportion rare resources to fulfil their unlimited desire which is economic concern about. Economics can generally be resolved into: microeconomics and macroeconomics. Microeconomics centralizes particular market and segments of economy such as individual consumer behaviour, supply and demand in individual markets, externalities arising from production and consumption and the theory of firms. However, macroeconomics is the concentration of the overall economy behaviour which is looking at ‘aggregate’ variables such as aggregate demand, national output and inflation. ‘Aggregate demand is the demand for the gross domestic product (GDP) of a country,’ the level of national output can be determined by AD which places a leading role. Aggregate demand is represented by this formula: Aggregate Demand (AD) = C + I + G + (X-M). ‘C’ means Consumers' expenditures on goods and services. ‘I’ expresses investment spending by companies on capital goods. ‘G’ indicates government expenditures on publicly provided goods and services. ‘X’ signifies exports of goods and services and ‘M’ presents imports of goods and services. Moreover, macroeconomics is also concerned...
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...Most popular hobbies in the UK 1. Dancing : Opportunities for our new venture : * Ads of dance centres providing Professional training, Dance clubs * Tie ups with dance halls and ticketing * Buying and selling of dance goods * Rentals of clothing and other dance costumes Dance industry in UK : It is estimated the dance economy employs around 30,000 people as dancers, teachers, choreographers, technicians and managers in UK. Estimated 200 dance companies in UK Supporting data : audiences for dance had grown by 13.7% over the past six years. In 1999 there were an estimated 1,472 dance performances given in theatres around the UK, in addition to drama, opera, musical and other productions which incorporated dance. Estimated ticket sales for these dance performances reached £20,682,000 2. Football : Opportunities for our new venture: * Ads from Football clubs * Sports goods and equipments for Football * Ads of several other Football merchandise * Football Betting Agencies * Rental of football sports goods and services Football Industry in UK : Football in the United Kingdom is organised on a separate basis in each of the four countries of the United Kingdom, with each having a national football association responsible for the overall management of football within their respective country. There is no United Kingdom national football team. Apart from this, more popular is that there are separate club football league systems...
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...structure. It is for us to lay the atmosphere and give the driving impulsion." Ironically, today, only Britain could possibly rival Denmark for anti-EMU (European Monetary Union) feelings. In 1992, after tough negotiations, Great Britain signed the Treaty of Maastricht but with a special demand: an opt-in option. This meant that Britain could join the EMU whenever it decided to do so. Ever since the election of Prime Minister Tony Blair and his Labour Party, the government argues that the country should join the EMU when and if the economic conditions are right. Denmark had asked in the Treaty of Maastricht for an opt-in option, however, on September 28th, 53% of the Danes decided to keep the krone. Economically, the UK would find more advantages than not in joining the Euro zone, as shows the following table[1]: |Advantages of entry |Disadvantages of entry | |No cost or uncertainty of changing currencies |Less ability to offset local shocks to real demand | |Lower interest rates |Possible deflationary bias at the beginning | |Fewer output fluctuations |...
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...been properly acknowledged as references or quotations. In addition I/we agree that this assignment may be subject to electronic analysis for the detection of collusion, plagiarism and other forms of unfair advantage. Please tick the box to confirm acceptance of the above declaration. Date: 14/10/2013 | SUMMARY The article by Gou (2011) discussed an issue about student plagiarism in accounting education aspect in the UK. The article attempted to indicate the factors of plagiarism, develop and examine the factors by surveying the accounting student behaviour towards plagiarism, and give recommendation to the accounting educators to reduce the act of plagiarism. The article mentioned that in the past decade, this plagiarism issue has become a primary concern in the UK education sector, since education plagiarism is in relation to further business and professional ethics. The article used experts’ researches in order to identify the factors that influence the accounting student starting plagiarise and suggested there are nine major factors that lead to plagiarism behaviour; which are moral capability, awareness of plagiarism, academic integration, pressures, accounting...
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...TO WHAT EXTENT IS UK DEMOCRACY SUFFERING FROM A PARTICIPATORY CRISIS? In recent years there has been growing concern that British democracy is now suffering from a participatory crisis with dramatically falling levels of political participation. Whether it’s from decreasing voter turnout or decreasing numbers in party membership. In my opinion I believe that the UK is suffering quite a large crisis. The first reason to suggest that Britain is in a crisis is if we look at recent voter turnout. In the 2010 and 2015 General Election the voter turnout was between 65-66%. This is considered as a crisis because in contrast to the election in the 1970’s the turnout was about 80%. It is a crisis because voter turnout has been decreasing over the years. The problem with lower voter turnout is that it becomes harder for the government to make decisions that would be more representative. When there is low voter turnout the government’s decisions are mainly based upon the people that voted. This would result in a large minority being left out and unrepresented in the process. Furthermore, it is considered a crisis because it also highlights the fact that UK citizens aren’t politically active. This means that less people are engaging with politics and are less aware with what is happening in their country. ...
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...The single most important fact in understanding the nature of the British political system is the fundamental continuity of that system. Britain has not had a revolution of the kind experienced by so many other countries and Britain has not been invaded or occupied for almost 1,000 years. The last successful invasion was in 1066 by the Normans. Some might argue that the English Civil War (1642-1651) was the nation's revolution but the main constitutional consequence - the abolition of the monarchy - only lasted 11 years and the Restoration of the Monarchy has so far lasted 350 years (although it is now, of course, a very different monarchy). There was a time in British history which we call the Glorious Revolution (1688) but it was a very English revolution, in the sense that nobody died, if a rather Dutch revolution in that it saw William of Orange take the throne. So the British have never had anything equivalent to the American Revolution or the French Revolution, they have not been colonized in a millennium but rather been the greatest colonizers in history, and in neither of the two world wars were they invaded or occupied. This explains why: • almost uniquely in the world, Britain has no written constitution (the only other such nations are Israel & New Zealand) • the political system is not neat or logical or always fully democratic or particularly efficient • change has been very gradual and pragmatic and built on consensus To simplify British political history...
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