The UK Economy

What’s the economy look like today, or last march?

  1. BoE on QE £895bn
  2. Commons on Tax £800 bn
  3. Annual Report and Accounts 2020-21 by HM Treasury
  4. What does the government spend money on? by IFS £890bn
  5. GDP from trading economics $2, = £1,947 bn
  6. The World Bank on Balance of Trade, varies from -£35bn to +£5bn in 2020, last year, but this will include services and agriculture and it’s net, but here’s the exports table/chart.

I make this about 41% of GDP. There are problems with dates and time period sync. and FX conversions. The QE number is ~ 45% of GDP.

  1. Manufacturing as a proportion of GDP, from the world bank, fallen from ~16.5% in 1990, to ~8½% in 2020, here’s Germany and the US, both of which also show big declines. Where’s the world’s R&D? Under UK SIC classification, it would be in manufacturing and maybe public administration (for health and universities).
  2. Here’s the ONS manufacturing stats page.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.