UK Facts

The UK is a diverse culture for business to operate in, with some facts that business currently has to adhere to:

	Pound Sterling (£) is the currency and the Bank of England is responsible for the issuing and regulation of the currency
	The UK is not part of the Euro (€) currency
	London is the the Capital, with Westminster being the central government location
	London is the one of the three central command centres designated for the global economyLondon is the largest financial centre in the World
	BAE systems manufactures in the UK and is the second biggest defence / weapons contractor in the world
	73% of the UK GDP is now service sector based
	The UK receives over 27 million tourists each year, the sixth largest in the World

The above factors are beneficial to businesses seeking to set up new revenue streams or expanding their presence internationally, with a pledge from Boris Johnson to maintain the reputation of London as the number one business destination in the World.

With a major recession underway in the UK, and much of Europe, London has specific strategies to overcome the recession and continue to make businesses the focal point. The Mayor's economic recovery action plan is set to help support those companies most in need and at the same time stimulate the economy. Businesses and individuals are set to have their burden lessened.

View the London Economic Recovery Action Plan

There are currently 33 London Boroughs, which also includes the City of London Corporation. Each of these 33 boroughs is independently managed by local authorities, whose responsibilities include:

If you would like to view the various London boroughs, and the businesses we trust, please view our Map page

	Public service delivery
	Housing
	Schools
	Roads and transport