The United Kingdom is a sovereign country made up of four constituent countries: England, Scotland, Wales and Northern Ireland.
Their capitals are London, Edinburgh, Cardiff and Belfast, respectively. Apart from England, the countries have their own devolved governments, each with varying powers, but such power is delegated by the Parliament of the United Kingdom, which may enact laws unilaterally altering or abolishing devolution.
Surrounded by the Atlantic Ocean with the North Sea to the east and the English Channel to the south giving it the 12 longest coastline in the world.
The United Kingdom has the world’s sixth-largest economy by nominal gross domestic product (GDP), and the ninth-largest by purchasing power parity (PPP). It has a high-income economy and a very high human development index rating, ranking 14th in the world. It was the world’s first industrialised country and the world’s foremost power during the 19th and early 20th centuries The UK remains a major power, with considerable economic, cultural, military, scientific and political influence internationally.
The UK is proud of its multi cultural and diverse population. The multicultural population in the whole UK is 7.5 million from which 2.5 million are from Europe and 5 million are from outside Europe.
London has become UK’s economic powerhouse, sucking in people and investments, and is therefore experiencing the largest growth in population, mostly in Tower Hamlets and Newham. East England, East Midlands and Manchester have equally high percentage growths in populations*.
From the business perspective these facts pose great opportunities for finding out where to invest and how to connect more effectively with this multicultural audience, thus topping up the revenues. Businesses can no longer afford to ignore Britain’s multicultural market if they want to strategically grow and increase their market share. We have one of the most diverse cities in the world where this ethnic population has over 300 billion in disposable income.
Financial services, pharmaceuticals, petroleum, automotive, aerospace, telecommunications and other technological industries all play important roles in the UK economy. Nonetheless, skill shortages currently exist in sectors such as medicine, health, social work, science, secondary education teaching, IT/computing, engineering and certain other specialist, technical and arts occupations. The number of job roles requiring intermediate and higher skills and education is rising in the UK, and it is expected that it will become even more important to possess these specialist skills in the coming years to qualify for a more technologically advanced labour market.
The UK is one of the world’s oldest and largest financial centers with many large companies operating within its economy. These factors make it an attractive investment destination for international investors.
The London Stock Exchange has a market capitalization of over $6 trillion, making it the third largest stock exchange in the world. There are around 3,000 companies from over 60 countries listed on the exchange, including those from Africa, China, Latin America, Europe, and Asia. Investors can invest in the UK using a variety of different methods, ranging from easy-to-use ETFs and ADRs to more complex direct investment in the London Stock Exchange.