UK Govenment Data Flashcards by Archie Kemp

Q

Uk annual growth rate 2023?

A

0.1%

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Q

UK growth rate Q4 of 2023?

A

-0.3%

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Q

UK predicted growth rate 2024?

A

0.8%

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Q

UK output gap currently?

A

-0.1%

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Q

UK GDP per capita 2024?

A

£36,000

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Q

UK total GDP 2024?

A

£2.53 trillion (79% services, 14% manufacturing)

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Q

UK Unemployment rate 2024?

A

4.2%

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Q

UK employment rate 2024?

A

74.5%

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Q

UK economic activity rate 2024?

A

22.2% - amount of working population age not willing to work

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Q

UK wage growth?

A

5.6%

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Q

UK youth unemployment rate?

A

11%

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Q

UK job vacancies?

A

Falling - loosening labour market

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Q

UK consumer confidence currently?

A

Very weak

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Q

UK inflation rate currently?

A

3.2%

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Q

UK core inflation rate currently?

A

4.2% - no food, electricity, gas and fuel included

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Q

UK producer inflation rate currently?

A

0.6% - measures cost of basket of goods to be produced

Q

UK inflation expectations 2024?

A

3.3%

Q

Current UK current account deficit?

A

3.2% of GDP

Q

UK current minimum wage?

A

£11.44 an hour

Q

UK current exchange rate?

A

Weak - £1 = $1.24 and £1 = €1.16

Q

UK current levels of productivity and investment?

A

Poor

Q

UK budget deficit 2023-2024?

A

4.2% of GDP

Q

UK current National debt?

A

98% of GDP

Q

UK current bond yield %?

A

4.2%

Q

UK current income tax bands?

A

0% to £12,750 , then 20% , 40% and 45%

Q

UK current national insurance %?

A

8% - down from 12%

Q

UK current corporation tax rate?

A

25%

Q

UK current VAT rate?

A

20%

Q

UK current Gini-coefficient?

A

0.357

Q

UK current base interest rate?

A

5.25%

Q

UK current average lending rate?

A

6.25%

Q

UK current savings ratio?

A

10.5%