United Kingdom Economic Situation

1013 Words Apr 10th, 2012 5 Pages
United Kingdom Economic Situation

Summary: * In brief * UK’s Rating in Question * Europe’s Responsibility in UK situation * How Does the UK Respond About Fiscal Integration? * 2012 Forecasts * Conclusion

United Kingdom in brief:

Population: 62,262,000
Currency: GBP
GDP per capita: $35,646 (17th)
Inflation: 4.2% France: 2,7%
Unemployment: 8.1%
Public debt: 62,8% of GDP over a trillion since beginning of the year. Balance of trade is negative.
London is the world 's largest financial centre alongside New York and has the largest city GDP in Europe.

UK’s Rating in Question:
Recently, François Baroin complains it was not fair that the US credit ratings agencies should be threatening France 's
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The Germans and French are interested in very specific amendments to ensure that the budgetary rules for eurozone members are strict and observed. However, the main concern is that tampering with the EU 's founding texts leaves us paralyzed by ideological and political battles. These are dangerous distractions when the urgent priorities are restoring stability and stimulating growth.

UK’s as the natural leader of the “outs”:
The UK government has worked hard to build up relationships across the EU. Let’s imagine the case made that, if the eurozone become a club within a club, UK’s natural place is as leader of the "outs" (the 10 states that have not joined the euro).
In every European country, liberals believe in integration because we understand that our nations are stronger together than we are apart.
We can’t forget that the EU is the world 's largest borderless marketplace, made up of 500 million consumers. Economic openness is the glue that fixes the EU together and the solution to the crisis of European competitiveness.
We can also observe that Europe 's populations are ageing, our productivity is low, and the world 's dynamos (India, China, and Brazil) are racing fast.

Conclusion:
Change in Europe presents opportunities, not just threats.
There was a very profound crisis which is going to take a long time to retrieve of. We had the complete collapse of a model based on consumer spending, a housing bubble, and an overweight