United Kingdom

The United Kingdom is located in the North Sea, to the north of France. The UK population is currently 62.4 million, of which approximately 8 million live in the capital, London. The population is expected to reach 70.2 million by 2030, and the proportion of people aged over 65 is expected to increase from 25% to 35% over the same period. 70% of the population ascribe to one of the Christian religions. The official language is English and the Pound Sterling is the official currency, worth approximately €1.20. The standard rate of VAT is 20%.

 United Kingdom                   Capital: London



62.4 million à 70.8 million (2030)

Proportion of people over 65 is 25% à 35% (2030)




70% Protestant or Catholic

GDP / head

€ 27,700   (EU average: € 25,100)


Pound Sterling (€1.20)



GDP growth (volume)



0.6% in 2012 (f)

1.5% in 2013 (f)

Unemployment rate

(Dec 2011)

8.3%   (EU average: 10.0%)

Inflation rate

4.5%   (EU average: 3.1%)


Figures relate to 2011, except where indicated.                                      Source: Eurostat, Searce (2012)


The UK has a GDP per capita of €27,400, compared to the EU average of €24,400 in 2010. According to the OECD, the UK economy grew by 0.9% in 2011, and is expected to grow by 0.5% in 2012 and by 1.8% in 2013 (compared to the Eurozone average growth of 1.6%, 0.2% and 1.4% respectively). The inflation rate was 4.8% in 2011, compared to 3% in the EU. The unemployment rate was 8.3%, compared to 9.8% in the EU as a whole in 2011.

British business culture is less formal than it used to be but long term relationships are still highly valued. Punctuality is important and most meetings work to a set agenda. Presentations should be clearly made and be able to be backed up with facts.