Creative Industries United Kingdom
Population: United Kingdom 65,648,100
Northern Ireland 1,862,100 (2016 est.)
Internet country code: .uk
blue field with the red cross of Saint George (patron saint of England) edged in white superimposed on the diagonal red cross of Saint Patrick (patron saint of Ireland), which is superimposed on the diagonal white cross of Saint Andrew (patron saint of Scotland); properly known as the Union Flag, but commonly called the Union Jack; the design and colors (especially the Blue Ensign) have been the basis for a number of other flags including other Commonwealth countries and their constituent states or provinces, and British overseas territories
note: the design and/or colors are similar to a number of other flags, including those of Belgium, Chad, Cote d’Ivoire, Ireland, Italy, Luxembourg, and Netherlands
United Kingdom of Great Britain and Northern Ireland
The United Kingdom has historically played a leading role in developing parliamentary democracy and in advancing literature and science. At its zenith in the 19th century, the British Empire stretched over one-fourth of the earth’s surface. The first half of the 20th century saw the UK’s strength seriously depleted in two world wars and the Irish Republic’s withdrawal from the union. The second half witnessed the dismantling of the Empire and the UK rebuilding itself into a modern and prosperous European nation. As one of five permanent members of the UN Security Council and a founding member of NATO and the Commonwealth, the UK pursues a global approach to foreign policy. The UK is also an active member of the EU, although it chose to remain outside the Economic and Monetary Union. The Scottish Parliament, the National Assembly for Wales, and the Northern Ireland Assembly were established in 1999. The latter was suspended until May 2007 due to wrangling over the peace process, but devolution was fully completed in March 2010.
Economy of United Kingdom
The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining; the UK has been a net importer of energy since 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output.
In 2008, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded the UK’s economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets. Facing burgeoning public deficits and debt levels, in 2010 the then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.
The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.
Creative Industries Federation
The Creative Industries Federation is the new representative body of the UK’s arts, cultural and creative industries. As a membership organisation, the CIF represents the views of the UK’s creative industries, while challenging and assisting the sector to stay ahead of the international competition.
Create UK is a series of events and initiatives highlighting the role of the UK creative industries as an economic force and source of global influence. The programme includes the launch of the Creative Industries Council’s strategy report (see below) outlining a vision of industry and government working together to develop the UK’s creative industries to their full potential to 2020 and beyond, and an international action plan developed by UK Trade & Investment.
Create UK Creative Industries Strategy 2014
Download the report outlining the context, recommendations and success measures for ensuring the UK’s creative industries remain a success story.
UK and China creative industries deals to benefit UK economy
Deals around film, TV, healthcare and tourism have been announced at the GREAT Festival of Creativity in Shanghai, which was opened 2 March 2015 by the Duke of Cambridge as part of his royal tour.
Forbes names London as Most Influential City in World
Oct 2014 – A preferred domicile for the global rich, London is not only the historic capital of the English language, which contributes to its status as a powerful media hub and major advertising center, but it’s also the birthplace of the cultural, legal and business practices that define global capitalism. London hosts the headquarters of 68 companies on the 2012 Forbes Global 2000 list and is a popular location for the regional HQs of many multinationals.