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Untitled
Pomodoro
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- [x] Essay Plan
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Statistics Board
Growth
- UK GDP: £2.53 trillion
- UK GDP per Capita: £36,000
- Annual Growth Rate: 0.1%
- Output Gap: -0.1%
Unemployment
- Unemployment Rate: 4.2%
- Youth Unemployment Rate: 11%
- Economic Inactivity Rate: 22.2%
- Job Vacancy: falling, loose labour market
Inflation
- Inflation Rate: 2.2% (previously : 3.2%)
- Core Inflation: 4.2%
- Wage Growth: 5.6%
Trade
- Current Account: -3.2% GDP
- Uk Productivity (low>drive up cost of production)
- Investment low
- Exchange Rates: (weak, could be good for BoP but Uk is key importer)
- Minimum Wage: £11.44/hour
Government Finances
- Budget Deficit: (April-April)
- National Debt: 98% GDP
- Income Tax Bonds: ↑ tax bands, frozen until 2028
- Corporation Tax: 25%
- VAT: 20%
- Gini Coefficient: 0.357
Interest Rates
- BoE Base Rate: 2.5%
- Quantitative Easing: £895 billion
- Average lending rate: 6.25%
- Bank willingness to lend: good
- Savings Ratio: 10.5%
