World Business Environment

Country Presentation

Group - 4

England

England

Political Map of England Geographical Map of England

England's Geography

England is a part of the United Kingdom of Great Britain, it’s an island situated off the North West coast of Europe.

Bordered by Scotland in the north, the North Sea in the east, the English Channel in the south and Wales in the west.

Most of England is rolling hills. Scafell Pike is the highest mountain in England

with an elevation of 978 meters.

Key Facts on England

Major Cities: London- Lords- Liverpool- Manchester. Capital: London with a population of 7,556,900. Population: 51,446,000 inhabitants. Geographic size: 130,395 km2 National Anthem: God Save the Queen, Land of

Hope and Glory.

Currency: Pound sterling (GBP). Sex Distribution:

› Males: 48.7%.› Females: 51.3%.

Government of England

Parliamentary democracy with a constitutional monarchy.

Queen Elizabeth II as a head of the state. The continuity of the monarchy has been

interrupted only once (the republic of 1649-60) in over a thousand years.

Parliaments are made up of the House of common, the House of lords and the Queen in her constitutional role.

Economy of England The Economy of England is the largest of the four economies of the United Kingdom.

England is the most highly industrialized country.

It is an important producer of textiles and chemical products.

Since the 1990s the financial services sector has played an increasingly greater role in the

English economy and the City of London, which is the world's largest financial centre.

The United Kingdom is the sixth largest economy in the world by nominal GDP

The sixth largest by purchasing power parity

The United Kingdom is the second largest financial economy in the World

The most important economic sectors

› Agriculture › Fishing › Investing› Banking› Manufacturing› Tourism

This is how the economy has performed since 2007 (figures in US dollar trillion)

Trade organizations

European union Berkshire County Network Organization for Economic Co-

operation and Development World Trade organization

Industries of England

GDP: $2.634 trillion (PPP,2014)

$2.902 trillion (Nominal, 2014) GDP growth:   +0.9% Q2 2014 GDP per capita: $41,092 ( PPP, 2014)

$45,273 ( Nominal, 2014) GDP by sector: Agriculture: 0.7%

Construction: 6.3% Production: 15.2% Services: 77.8% (2013 est.)

Inflation (CPI): 1.2% (September 2014)

(RPI):   2.3% (September 2014)

Imports and Exports of England

Exports: $813.2 billion Main export partners: Germany 11.3%,

  United States 10.5%,  Netherlands 8.8%,  France 7.4%,  Ireland 6.2%,  Belgium 5.1% (2012) 

   Imports: $782.5 billion Main import partners: Germany 12.6%,

  China 8%,  Netherlands 7.5%,  United States 6.7%, France 5.4%,  Belgium 4.4% (2012)

Resources in England The England has a small coal reserve along with

continuously declining natural gas and oil reserves. Over 400 million tones of proven coal reserves have been identified in the UK.

In 2004, total UK coal consumption (including imports) was 61 million tones Allowing the UK to be self sufficient in coal for just over 6.5 years.

North Sea oil and gas have supplied much of the UK's energy needs in recent decades However the country now increasingly depends on imported fossil fuels.

Important Companies in England

BBC British Airways EAT Restaurant Floris Toiletries & Asseceries

HSBC Sabmiller World Uniliver House Wills Group

Challenges In England's Economy According to the Institute for Fiscal Studies. This is a major problem.  The top

10 per cent of earners have suffered the biggest drop in real terms – their income has crashed nine per cent since the recession – while those in the lowest tenth are down 2.4 per cent, helped by the fact that benefits went up faster than wages.

The cost of borrowing is going up, the returns to saving are still going down. This is primarily the result of the interaction of all of the new capital and liquidity rules affecting the financial system. The average new time deposit paid just 1.58 per cent last month, down from around two per cent a year earlier and three per cent in late 2011. Savers are still being hammered

The United Nations Conference on Trade and Development (UNCTAD) reveal that the UK’s financial services exports have fallen a disastrous 20 per cent since their pre-crisis peak – by contrast, America’s have risen steadily, as noted by Anthony Browne of the British Bankers’ Association. They need to export more invisibles to pay for imports of goods.

Conclusion The UK economy starts 2013 after one of the longest

periods of economic stagnation on record. GDP has been flat for the past two years, and real GDP is still way below the 2008 peak.

The Bank of England predict very modest growth for 2013, with the potential for a fall in output before the economy recovers towards the end of 2013.

Investment both public and private have been hard hit by the recession. Falling bank lending costs may be insufficient to boost investment in 2013.

Thank you