Wednesday, April 27, 2011

London | United Kingdom

    The United Kingdom of Great Britain and Northern Ireland (commonly known as the United Kingdom, the UK, or Britain) is a sovereign state located off the north-western coast of continental Europe. It spans an archipelago including Great Britain, the northeastern part of the island of Ireland, and many smaller islands. Northern Ireland is the only part of the UK with a land border with another sovereign state, sharing it with the Republic of Ireland. Apart from this land border, the UK is surrounded by the Atlantic Ocean, the North Sea, the English Channel, and the Irish Sea.

    The United Kingdom is a unitary state governed under a constitutional monarchy and a parliamentary system, with its seat of government in the capital city of London. It is a country consisting of four countries: England, Northern Ireland, Scotland, and Wales. There are three devolved national administrations, with varying powers in Belfast, Cardiff and Edinburgh, the capitals of Northern Ireland, Wales and Scotland respectively. There are three Crown Dependencies and fourteen overseas territories that are not constitutionally part of the UK. These territories are remnants of the British Empire, which at its height in 1922 encompassed almost a quarter of the world's land surface, making it the largest empire in history. As a result, British influence can still be observed in the language, culture and legal systems of many of its former territories.

    The UK is a highly developed country, with the world's sixth largest economy by nominal GDP and eighth largest economy by purchasing power parity. It was the world's first industrialised country and the world's foremost power during the 19th and early 20th centuries, but the economic and social cost of two world wars and the decline of its empire in the latter half of the 20th century diminished its leading role in global affairs. The UK nevertheless remains a great power with leading economic, cultural, military, scientific and political influence. It is a recognised nuclear weapons state while its military expenditure ranks third or fourth in the world, depending on the method of calculation.[20] It is a Member State of the European Union, a permanent member of the United Nations Security Council, and a member of the Commonwealth of Nations, G8, G20, NATO, OECD, the Council of Europe and the World Trade Organization.

    Geography

    The total area of the United Kingdom is approximately 243,610 square kilometres (94,060 sq mi). It consists of the island of Great Britain, the northeastern one-sixth of the island of Ireland, and smaller surrounding islands. It lies between the North Atlantic Ocean and the North Sea, coming within 35 kilometres (22 mi) of the coast of northern France, from which it is separated by the English Channel.[46] As of 1993 10% of the UK was forested, 46% used for pastures, and 25% used for agriculture. The Royal Greenwich Observatory, in London, is the defining point of the Prime Meridian.

    The United Kingdom lies between latitudes 49° and 61° N, and longitudes 9° W to 2° E. Northern Ireland shares a 360-kilometre (224 mi) land boundary with the Republic of Ireland. The coastline of Great Britain is 17,820 kilometres (11,073 mi) long. It is connected to continental Europe by the Channel Tunnel, which at 50 kilometres (31 mi) (38 kilometres (24 mi) underwater) is the longest underwater tunnel in the world.

    England accounts for just over half of the total area of the UK, covering 130,395 square kilometres (50,350 sq mi). Most of the country consists of lowland terrain, with mountainous terrain north-west of the Tees-Exe line including the Cumbrian Mountains of the Lake District, the Pennines and limestone hills of the Peak District, Exmoor and Dartmoor. The main rivers and estuaries are the Thames, Severn and the Humber. England's highest mountain is Scafell Pike (978 metres (3,209 ft)), which is in the Lake District. Its principal rivers are the Severn, Thames, Humber, Tees, Tyne, Tweed, Avon, Exe and Mersey.

    Scotland accounts for just under a third of the total area of the UK, covering 78,772 square kilometres (30,410 sq mi), including nearly eight hundred islands, predominantly west and north of the mainland, notably the Hebrides, Orkney Islands and Shetland Islands. The topography of Scotland is distinguished by the Highland Boundary Fault – a geological rock fracture – which traverses Scotland from Arran in the west to Stonehaven in the east. The faultline separates two distinctively different regions; namely the Highlands to the north and west and the lowlands to the south and east. The more rugged Highland region contains the majority of Scotland's mountainous land, including Ben Nevis, which at 1,343 metres (4,406 ft) is the highest point in the British Isles. Lowland areas, especially the narrow waist of land between the Firth of Clyde and the Firth of Forth known as the Central Belt, are flatter and home to most of the population including Glasgow, Scotland's largest city, and Edinburgh, its capital and political centre.

    Wales accounts for less than a tenth of the total area of the UK, covering 20,779 square kilometres (8,020 sq mi). Wales is mostly mountainous, though South Wales is less mountainous than North and mid Wales. The main population and industrial areas are in South Wales, consisting of the coastal cities of Cardiff, Swansea and Newport and the South Wales Valleys to their north. The highest mountains in Wales are in Snowdonia, and include Snowdon (Welsh: Yr Wyddfa), which, at 1,085 metres (3,560 ft) is the highest peak in Wales. The 14 (or possibly 15) Welsh mountains over 3,000 feet (914 m) high are known collectively as the Welsh 3000s. Wales has over 1,200 km (750 miles) of coastline. There are several islands off the Welsh mainland, the largest of which is Anglesey (Ynys Môn) in the northwest.

    Northern Ireland accounts for just 14,160 square kilometres (5,470 sq mi) and is mostly hilly. It includes Lough Neagh, at 388 square kilometres (150 sq mi), the largest lake by area in the British Isles. The highest peak in Northern Ireland is Slieve Donard at 852 metres (2,795 ft) in the Mourne Mountains.

    Economy

    The UK has a partially regulated free market economy. Based on market exchange rates, the UK is today the sixth largest economy in the world and the third largest in Europe after Germany and France, after having fallen behind France in 2008 for the first time in over a decade. In recent years, the UK economy has been managed in accordance with principles of market liberalisation and low taxation and regulation[citation needed]. Government involvement throughout the economy is exercised by the Chancellor of the Exchequer. Since 1997, the Bank of England's Monetary Policy Committee, headed by the Governor of the Bank of England, has been responsible for setting interest rates at the level necessary to achieve the overall inflation target for the economy that is set by the Chancellor each year. In July 2007, the UK had government debt at 35.5% of GDP. This figure rose to 56.8% of GDP by July 2009. On 23 January 2009, Government figures from the Office for National Statistics showed that the UK was officially in recession for the first time since 1991. It entered a recession in the final quarter of 2008, accompanied by rising unemployment which increased from 5.2% in May 2008 to 7.6% in May 2009. By January 2011, the unemployment rate among 18 to 24-year-olds had risen from 11.9% to 20.3%, the highest since current records began in 1992.

    The Industrial Revolution started in the UK with an initial concentration on the textile industry, followed by other heavy industries such as shipbuilding, coal mining, and steel production. The empire created an overseas market for British products, allowing the UK to dominate international trade in the 19th century. However, as other nations industrialised, coupled with economic decline after two world wars, the United Kingdom began to lose its competitive advantage and heavy industry declined, by degrees, throughout the 20th century. Manufacturing remains a significant part of the economy, but accounted for only one-sixth of national output in 2003.

    The currency of the UK is the pound sterling, represented by the symbol £. The Bank of England is the central bank, responsible for issuing currency. Banks in Scotland and Northern Ireland retain the right to issue their own notes, subject to retaining enough Bank of England notes in reserve to cover the issue. Pound sterling is also used as a reserve currency by other governments and institutions, and is the third-largest after the U.S. dollar and the euro. The UK chose not to join the euro at the currency's launch. In 2007, Prime Minister Gordon Brown ruled out membership for the foreseeable future, saying that the decision not to join had been right for Britain and for Europe. The government of Prime Minister Tony Blair had pledged to hold a public referendum for deciding membership should "five economic tests" be met. In 2005, more than half (55%) of the UK were against adopting the currency, while 30% were in favour.

    London is a major centre for international business and commerce and is the leader of the three "command centres" for the global economy (along with New York City and Tokyo). It is the world's largest financial centre with the London Stock Exchange, the London International Financial Futures and Options Exchange, and the Lloyd's of London insurance market all based in the City of London. London is also a major legal centre, with four of the six largest law firms in the world headquartered there. It has the largest concentration of foreign bank branches in the world. Many multinational companies that are not primarily UK-based have chosen to site their European or rest-of-world headquarters in London: an example is the US financial services firm Citigroup. The Scottish capital, Edinburgh, has one of the large financial centres of Europe and is the headquarters of the Royal Bank of Scotland Group, one of the world's largest banks. The creative industries accounted for 7% GVA in 2005 and grew at an average of 6% per annum between 1997 and 2005.

    The British motor industry is a significant part of the manufacturing sector, although it has diminished with the collapse of the MG Rover Group and most of the industry is foreign owned. Civil and defence aircraft production is led by BAE Systems, the second largest defence contractor in the world,and the continental European firm EADS, the owner of Airbus. Rolls-Royce holds a major share of the global aerospace engines market. The chemical and pharmaceutical industry is strong in the UK, with the world's second and sixth largest pharmaceutical firms (GlaxoSmithKline and AstraZeneca, respectively) being based in the UK.

    The UK service sector, however, has grown substantially, and now makes up about 73% of GDP. The service sector is dominated by financial services, especially in banking and insurance. Tourism is very important to the British economy. With over 27 million tourists arriving in 2004, the United Kingdom is ranked as the sixth major tourist destination in the world. London, by a considerable margin, is the most visited city in the world with 15.6 million visitors in 2006, ahead of 2nd placed Bangkok (10.4 million visitors) and 3rd placed Paris (9.7 million).

    The poverty line in the UK is commonly defined as being 60% of the median household income. In 2007–2008, 13.5 million people, or 22% of the population, lived below this line. This is a higher level of relative poverty than all but four other EU members. In the same year, 4.0 million children, 31% of the total, lived in households below the poverty line, after housing costs were taken into account. This is a decrease of 400,000 children since 1998–1999. UK must also import 40% of its food suplies.

    Demographics

    A Census occurs simultaneously in all parts of the UK every ten years. The Office for National Statistics is responsible for collecting data for England and Wales with the General Register Office for Scotland and the Northern Ireland Statistics and Research Agency each being responsible for censuses in their respective countries. At the most recent census in 2001, the total population of the United Kingdom was 58,789,194, the third largest in the European Union, the fifth largest in the Commonwealth and the twenty-first largest in the world. By mid-2009, this was estimated to have grown to 61,792,000. In 2008, natural population growth overtook net migration as the main contributor to population growth for the first time since 1998. Between 2001 and 2008, the population increased by an average annual rate of 0.5 per cent. This compares to 0.3 per cent per year in the period 1991 to 2001, and 0.2 per cent in the decade 1981 to 1991. Published in 2008, the mid-2007 population estimates revealed that, for the first time, the UK was home to more people of pensionable age than children under the age of 16. It has been estimated that the number of people aged 100 or over will rise steeply, to reach over 626,000 by 2080.

    England's population in mid-2008 was estimated to be 51.44 million. It is one of the most densely populated countries in the world, with 383 people resident per square kilometre in mid-2003, with a particular concentration in London and the South East. The mid-2008 estimates put Scotland's population at 5.17 million, Wales at 2.99 million and Northern Ireland at 1.78 million, with much lower population densities than England. Compared to England's 383 inhabitants per square kilometre (990 /sq mi), the corresponding figures were 142 /km2 (370 /sq mi) for Wales, 125 /km2 (320 /sq mi) for Northern Ireland and just 65 /km2 (170 /sq mi) for Scotland in mid-2003. In percentage terms, Northern Ireland has had the fastest growing population of any country of the UK in each of the four years to mid-2008.

    In 2008, the average total fertility rate (TFR) across the UK was 1.96 children per woman. While a rising birth rate is contributing to current population growth, it remains considerably below the 'baby boom' peak of 2.95 children per woman in 1964,[188] below the replacement rate of 2.1, but higher than the 2001 record low of 1.63. Scotland had the lowest fertility at only 1.8 children per woman, while Northern Ireland had the highest at 2.11 children in 2008.
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