This article presents some key data on the UK economy and UK economic policy from 1980 until the present day, and covers three themes – economic output and trade, inflation and interest rates and public sector finances (deficits and debts). Other economic aspects have been covered elsewhere in the UK Perspectives series, which presents an […]
Last year, Chancellor George Osborne set out his vision to create a ‘Northern Powerhouse’ as a means of addressing the north-south economic divide. Figures from the Business Register and Employment Survey (BRES) give a detailed insight into differences in employee growth between the north and south.
The prominence of China in the global economy has changed markedly over the last 20 years. China’s GDP (Gross Domestic Product) has been growing by around 10% a year between 1993 and 2013, compared with the global average of 2.8%. The GDP of China has increased from $0.44 trillion to $9.24 trillion in 2013.