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UK company registration

The United Kingdom 2013-09-17 10:40:39 Release　Author：　Read Flow：5062次

The United Kingdom of Great Britain and Northern Ireland,commonly known as the United Kingdom (UK) or Britain ), is a sovereign state located off the north-western coast of continental Europe. The country includes the island of Great Britain (a term sometimes loosely applied to the whole state), the north-eastern part of the island of Ireland, and many smaller islands. Northern Ireland is the only part of the UK that shares a land border with another state: the Republic of Ireland. Apart from this land border, the UK is surrounded by the Atlantic Ocean, with the North Sea in the east, the English Channel in the south and the Irish Sea in the west.
The UK's form of government is a constitutional monarchy with a parliamentary system and its capital city is London. The current British monarch—since 6 February 1952—is Queen Elizabeth II. The United Kingdom consists of four countries: England, Scotland, Wales and Northern Ireland. The latter three have devolved administrations, each with varying powers, based in their capital cities, Edinburgh, Cardiff and Belfast, respectively. Guernsey, Jersey and the Isle of Man are Crown dependencies and are not part of the UK. The United Kingdom has fourteen British Overseas Territories. These are remnants of the British Empire which, at its height in the late 19th and early 20th centuries, encompassed almost a quarter of the world's land mass and was the largest empire in history. British influence can be observed in the language, culture and legal systems of many of its former colonies.
The United Kingdom is a developed country and has the world's sixth-largest economy by nominal GDP and eighth-largest by purchasing power parity. It was the world's first industrialised country and the world's foremost power during the 19th and early 20th centuries. The UK remains a great power with considerable economic, cultural, military, scientific and political influence internationally. It is a recognised nuclear weapons state and its military expenditure ranks fourth in the world.
The UK has been a permanent member of the United Nations Security Council since its first session in 1946. It has been a member of the European Union (EU) and its predecessor the European Economic Community (EEC) since 1973; it is also a member of the Commonwealth of Nations, the Council of Europe, the G7, the G8, the G20, NATO, the Organisation for Economic Co-operation and Development (OECD) and the World Trade Organization (WTO).
The United Kingdom has sovereignty over seventeen territories which do not form part of the United Kingdom itself: fourteen British Overseas Territories and three Crown Dependencies.
The fourteen British Overseas Territories are: Anguilla; Bermuda; the British Antarctic Territory; the British Indian Ocean Territory; the British Virgin Islands; the Cayman Islands; the Falkland Islands; Gibraltar; Montserrat; Saint Helena, Ascension and Tristan da Cunha; the Turks and Caicos Islands; the Pitcairn Islands; South Georgia and the South Sandwich Islands; and the Sovereign Base Areas on Cyprus. British claims in Antarctica are not universally recognised. Collectively Britain's overseas territories encompass an approximate land area of 1,727,570 square kilometres (667,018 sq mi) and a population of approximately 260,000 people. They are the remnants of the British Empire and several have specifically voted to remain British territories (Bermuda in 1995, Gibraltar in 2002 and the Falkland Islands in 2013).
The Crown Dependencies are British possessions of the Crown, as opposed to overseas territories of the UK. They comprise the Channel Island Bailiwicks of Jersey and Guernsey in the English Channel and the Isle of Man in the Irish Sea. Being independently administered jurisdictions they do not form part of the United Kingdom or of the European Union, although the UK government manages their foreign affairs and defence and the UK Parliament has the authority to legislate on their behalf. The power to pass legislation affecting the islands ultimately rests with their own respective legislative assemblies, with the assent of the Crown (Privy Council or, in the case of the Isle of Man, in certain circumstances the Lieutenant-Governor). Since 2005 each Crown dependency has had a Chief Minister as its head of government.
The UK has a partially regulated market economy. Based on market exchange rates the UK is today the sixth-largest economy in the world and the third-largest in Europe after Germany and France, having fallen behind France for the first time in over a decade in 2008. HM Treasury, led by the Chancellor of the Exchequer, is responsible for developing and executing the British government's public finance policy and economic policy. The Bank of England is the UK's central bank and is responsible for issuing notes and coins in the nation's currency, the pound sterling. Banks in Scotland and Northern Ireland retain the right to issue their own notes, subject to retaining enough Bank of England notes in reserve to cover their issue. Pound sterling is the world's third-largest reserve currency (after the U.S. Dollar and the Euro). Since 1997 the Bank of England's Monetary Policy Committee, headed by the Governor of the Bank of England, has been responsible for setting interest rates at the level necessary to achieve the overall inflation target for the economy that is set by the Chancellor each year.
The UK service sector makes up around 73% of GDP. London is one of the three "command centres" of the global economy (alongside New York City and Tokyo), is the world's largest financial centre alongside New York, and has the largest city GDP in Europe.Edinburgh is also one of the largest financial centres in Europe. Tourism is very important to the British economy and, with over 27 million tourists arriving in 2004, the United Kingdom is ranked as the sixth major tourist destination in the world and London has the most international visitors of any city in the world. The creative industries accounted for 7% GVA in 2005 and grew at an average of 6% per annum between 1997 and 2005.
The Airbus A350 has its wings and engines manufactured in the UK.
The Industrial Revolution started in the UK with an initial concentration on the textile industry, followed by other heavy industries such as shipbuilding, coal mining and steelmaking. The empire was exploited as an overseas market for British products, allowing the UK to dominate international trade in the 19th century. As other nations industrialised, coupled with economic decline after two world wars, the United Kingdom began to lose its competitive advantage and heavy industry declined, by degrees, throughout the 20th century. Manufacturing remains a significant part of the economy but accounted for only 16.7% of national output in 2003.
The automotive industry is a significant part of the UK manufacturing sector and employs over 800,000 people, with a turnover of some £52 billion, generating £26.6 billion of exports. The aerospace industry of the UK is the second- or third-largest national aerospace industry depending upon the method of measurement and has an annual turnover of around £20 billion. The pharmaceutical industry plays an important role in the UK economy and the country has the third highest share of global pharmaceutical R&D expenditures (after the United States and Japan).
Agriculture is intensive, highly mechanised and efficient by European standards, producing about 60% of food needs with less than 1.6% of the labour force (535,000 workers). Around two-thirds of production is devoted to livestock, one-third to arable crops. Farmers are subsidised by the EU's Common Agricultural Policy. The UK retains a significant, though much reduced fishing industry. It is also rich in a number of natural resources including coal, petroleum, natural gas, tin, limestone, iron ore, salt, clay, chalk, gypsum, lead, silica and an abundance of arable land.
The City of London is the world's largest financial centre alongside New York.
In the final quarter of 2008 the UK economy officially entered recession for the first time since 1991. Unemployment increased from 5.2% in May 2008 to 7.6% in May 2009 and by January 2012 the unemployment rate among 18 to 24-year-olds had risen from 11.9% to 22.5%, the highest since current records began in 1992. Total UK government debt rose from 44.4% of GDP in 2007 to 82.9% of GDP in 2011. In February 2013, the UK lost its top AAA credit rating for the first time since 1978.
Inflation-adjusted wages in the UK fell by 3.2% between the third quarter of 2010 and the third quarter of 2012. Since the 1980s, economic inequality has grown faster in the UK than in any other developed country.
The poverty line in the UK is commonly defined as being 60% of the median household income. In 2007–2008 13.5 million people, or 22% of the population, lived below this line. This is a higher level of relative poverty than all but four other EU members. In the same year 4.0 million children, 31% of the total, lived in households below the poverty line after housing costs were taken into account. This is a decrease of 400,000 children since 1998–1999. The UK imports 40% of its food supplies. The Office for National Statistics has estimated that in 2011, 14 million people were at risk of poverty or social exclusion, and that one person in 20 (5.1%) was now experiencing "severe material depression," up from 3 million people in 1977.

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