Random Flashcards
What is the population of the UK?
Approximately 68 million, living in 28.2 million households
How many people are living in absolute poverty in the UK?
12 million (18% of population)
For how many years has the UK had an annual current account deficit?
Since 1984
How long has the UK had a budget deficit for?
Since 2000-1
What was the budget deficit in 2020/21?
£318 bn
What was the budget deficit in 2023/24?
£120.7 bn
What is the budget deficit projected to be in 2024/25?
£87.3 bn
What is the UK’s HDI?
0.940, 15th in the world
What did national living wage increase to in April?
£10.42 to £11.44
What is the current pound/dollar exchange rate?
£1=£1.25
What is the current unemployment rate?
4.2%
What did the UK economy grow by in the first three months (quarter) of 2024?
0.6%
What are interest rates currently at?
5.25%
What was inflation (C.P.I) in March?
3.2%