Economic variations in dating

In 2013, the United Kingdom (UK) was the world's fourth largest exporter and importer.Many economists rank the UK as one of the most globalized economies. Service sector business dominates the UK economy, making up about 78 percent of GDP.The UK's central bank is known as the Bank of England; its Monetary Policy Committee sets national interest rates.The national currency of the UK is the pound sterling (₤).

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At the dawn of the industrial age, the UK was the first country to industrialize.This resulted in six figure public sector job losses but strong private sector growth.By October 2013, unemployment fell below two and a half million for the first time since the beginning of the crisis.However, the ONS also reported that during this same period inflation was relatively flat, the labor market remained more resilient than in other recessions, and household spending and wealth in the UK remained relatively strong in comparison with other OECD member countries.Nevertheless, since 2013, the UK has pursued a strong policy of recovery and expansion.

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