K economic performance in 2007
The level of the inflation rate in 2007 is 2.3 annually. There was a level trending rate across the months of 2007. The UK has experienced its fastest growth since 2007 and is currently being the fastest growing major developed economy. Annual growth rates averaged 2.68% between 1992 and 2007. In 2007, UK had the world third’s largest current account deficit due to mainly a large deficit in manufactured goods. The UK in 2007 had government debts at 35.5% of GDP. The unemployment rate in the UK for 2007 was about 6.0 %
Summary of UK economic performance in 2012
The unemployment level or rate for 2012 was 7.9%. The level of GDP growth for Uk was 0.8% and the inflation rate was 2.83%. The UK economy fell during 2012. The level of output in the first three quarters of the year was little changed from the period of 2011. There was a disappointing foreign trade performance and export volumes rose only by 0.2 %. Export volumes are the imports of individual countries on a constant price basis. This means that the UK slightly increased their importing.
Mark and Spencer’s performance
Market Overview

Gross Domestic product is predicted to grow by 2.7% in 2008. The total revenues were up 5.1% driven by new space in the UK and strong performance in our international business. Operating profit before property disposal and exceptional items was £1,089.3m up 4.3%. The UK gross margin was 0.4 percentage points down on the year at 43.0” mostly due to a greater proportion of foods