(Economic and fiscal) checks and balances
MEDIUM RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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GDP | USD3186.86 bn (World ranking 5, World Bank 2021) |
Population | 67.327mn (World ranking 22, World Bank 2021) |
Form of state | Constitutional Monarchy |
Head of government | Rishi Sunak (Conservative Party) |
Next elections | 2024, legislative |

- High trade balance surplus on services
- Healthy banking sector
- Diversified export structure
- Friendly business environment

- Very high twin deficits
- Lower economic attractiveness post Brexit
- Low productivity growth
- Decreasing long term per capita income
Trade structure by destination/origin
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
United States
12.7%
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1 |
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Germany
8.7%
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2 |
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Switzerland
8.4%
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3 |
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Netherlands
7.9%
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4 |
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Ireland
6.2%
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5 |
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Trade structure by product
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
Gold, non-monetary (excluding gold ores and concentrates)
8.9%
|
1 |
8.8%
Road vehicles
|
Road vehicles
8.3%
|
2 |
8.0%
Gold, non-monetary (excluding gold ores and concentrates)
|
Power generating machinery and equipment
6.9%
|
3 |
5.5%
Petroleum, petroleum products and related materials
|
Petroleum, petroleum products and related materials
6.8%
|
4 |
5.1%
Electrical machinery, apparatus and appliances, n.e.s.
|
Medicinal and pharmaceutical products
5.9%
|
5 |
4.4%
Miscellaneous manufactured articles, n.e.s.
|
LATEST NEWS ABOUT UNITED KINGDOM
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Sector vulnerability to rising financing costs
02 June
Five sectors stand out as the most exposed to financing stress: transportation, construction, hospitality, commodities and automotive.
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Allianz Trade Global Survey 2023: Testing resilience
01 June
Roughly 70% of the nearly 3,000 companies we surveyed expect business turnover generated through exports to increase in 2023, against close to 80% in the 2022 edition.
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European commercial real estate – selectivity matters!
25 May
The commercial real estate sector is getting squeezed by tightening financing conditions but prime assets have remained resilient.
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