United Kingdom

How many "command centres" of the global economy are located in London?

The UK service sector makes up around 79 per cent of GDP. London is one of the three "command centres" of the global economy (alongside New York City and Tokyo), it is the world's largest financial centre alongside New York, and it has the largest city GDP in Europe. Tourism is very important to the British economy; 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 per cent GVA in 2005 and grew at an average of 6 per cent per annum between 1997 and 2005.


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  • Wales accounts for less than a tenth (9 per cent) of the total area of the UK, covering 20,779 square kilometres (8,020 sq mi). Wales is mostly mountainous, though South Wales is less mountainous than North and mid Wales. The main population and industrial areas are in South Wales, consisting of the coastal cities of Cardiff, Swansea and Newport, and the South Wales Valleys to their north. The highest mountains in Wales are in Snowdonia and include Snowdon (Welsh: Yr Wyddfa) which, at 1,085 metres (3,560 ft), is the highest peak in Wales. Wales has over 2,704 kilometres (1,680 miles) of coastline. Several islands lie off the Welsh mainland, the largest of which is Anglesey (Ynys Môn) in the north-west.

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  • The UK was the third country to develop a nuclear weapons arsenal (with its first atomic bomb test in 1952), but the new post-war limits of Britain's international role were illustrated by the Suez Crisis of 1956. The international spread of the English language ensured the continuing international influence of its literature and culture. As a result of a shortage of workers in the 1950s, the government encouraged immigration from Commonwealth countries. In the following decades, the UK became a more multi-ethnic society than before. Despite rising living standards in the late 1950s and 1960s, the UK's economic performance was less successful than many of its main competitors such as France, West Germany and Japan.

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  • The rise of Irish nationalism, and disputes within Ireland over the terms of Irish Home Rule, led eventually to the partition of the island in 1921. The Irish Free State became independent, initially with Dominion status in 1922, and unambiguously independent in 1931. Northern Ireland remained part of the United Kingdom. The 1928 Act widened suffrage by giving women electoral equality with men. A wave of strikes in the mid-1920s culminated in the General Strike of 1926. Britain had still not recovered from the effects of the war when the Great Depression (1929–1932) occurred. This led to considerable unemployment and hardship in the old industrial areas, as well as political and social unrest in the 1930s, with rising membership in communist and socialist parties. A coalition government was formed in 1931.

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  • Around the end of the 20th century there were major changes to the governance of the UK with the establishment of devolved administrations for Scotland, Wales and Northern Ireland. The statutory incorporation followed acceptance of the European Convention on Human Rights. The UK is still a key global player diplomatically and militarily. It plays leading roles in the EU, UN and NATO. Controversy surrounds some of Britain's overseas military deployments, particularly in Afghanistan and Iraq.

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