In the final quarter of 2008, the UK economy officially entered recession for the first time since 1991. Following the likes of the United States, France and many major economies, in 2013, the UK lost its top AAA credit rating for the first time since 1978 with Moodys and Fitch credit agency, but, unlike the other major economies, retained its triple A rating with Standard & Poor's. By the end of 2014, UK growth was the fastest in both the G7 and in Europe, and by September 2015, the unemployment rate was down to a seven-year low of 5.3 per cent.
After the end of the Second World War in 1945, the UK was one of the Big Four powers (along with the U.S., the Soviet Union, and China) who met to plan the post-war world; it was an original signatory to the Declaration of the United Nations. The UK became one of the five permanent members of the United Nations Security Council and worked closely with the United States to establish the IMF, World Bank and NATO. The war left the UK severely weakened, but it was spared the total war that devastated eastern Europe, and it depended financially on the Marshall Plan. In the immediate post-war years, the Labour government initiated a radical programme of reforms, which had a significant effect on British society in the following decades. Major industries and public utilities were nationalised, a welfare state was established, and a comprehensive, publicly funded healthcare system, the National Health Service, was created. The rise of nationalism in the colonies coincided with Britain's now much-diminished economic position, so that a policy of decolonisation was unavoidable. Independence was granted to India and Pakistan in 1947. Over the next three decades, most colonies of the British Empire gained their independence, with all those that sought independence supported by the UK, during both the transition period and afterwards. Many became members of the Commonwealth of Nations.
More InfoAfter the end of the Second World War in 1945, the UK was one of the Big Four powers (along with the U.S., the Soviet Union, and China) who met to plan the post-war world; it was an original signatory to the Declaration of the United Nations. The UK became one of the five permanent members of the United Nations Security Council and worked closely with the United States to establish the IMF, World Bank and NATO. The war left the UK severely weakened, but it was spared the total war that devastated eastern Europe, and it depended financially on the Marshall Plan. In the immediate post-war years, the Labour government initiated a radical programme of reforms, which had a significant effect on British society in the following decades. Major industries and public utilities were nationalised, a welfare state was established, and a comprehensive, publicly funded healthcare system, the National Health Service, was created. The rise of nationalism in the colonies coincided with Britain's now much-diminished economic position, so that a policy of decolonisation was unavoidable. Independence was granted to India and Pakistan in 1947. Over the next three decades, most colonies of the British Empire gained their independence, with all those that sought independence supported by the UK, during both the transition period and afterwards. Many became members of the Commonwealth of Nations.
More InfoIn the decades-long process of European integration, the UK was a founding member of the alliance called the Western European Union, established with the London and Paris Conferences in 1954. In 1960 the UK was one of the seven founding members of the European Free Trade Association (EFTA), but in 1973 it left to join the European Communities (EC). When the EC became the European Union (EU) in 1992, the UK was one of the 12 founding members. The Treaty of Lisbon, signed in 2007, forms the constitutional basis of the European Union since then.
More InfoScotland accounts for just under a third (32 per cent) of the total area of the UK, covering 78,772 square kilometres (30,410 sq mi). This includes nearly eight hundred islands, predominantly west and north of the mainland; notably the Hebrides, Orkney Islands and Shetland Islands. Scotland is the most mountainous country in the UK and its topography is distinguished by the Highland Boundary Fault – a geological rock fracture – which traverses Scotland from Arran in the west to Stonehaven in the east. The fault separates two distinctively different regions; namely the Highlands to the north and west and the Lowlands to the south and east. The more rugged Highland region contains the majority of Scotland's mountainous land, including Ben Nevis which at 1,345 metres (4,413 ft) is the highest point in the British Isles. Lowland areas – especially the narrow waist of land between the Firth of Clyde and the Firth of Forth known as the Central Belt – are flatter and home to most of the population including Glasgow, Scotland's largest city, and Edinburgh, its capital and political centre, although upland and mountainous terrain lies within the Southern Uplands.
More InfoAfter the defeat of France at the end of the Revolutionary and Napoleonic Wars (1792–1815), the United Kingdom emerged as the principal naval and imperial power of the 19th century (with London the largest city in the world from about 1830). Unchallenged at sea, British dominance was later described as Pax Britannica ("British Peace"), a period of relative peace among the Great Powers (1815–1914) during which the British Empire became the global hegemon and adopted the role of global policeman. By the time of the Great Exhibition of 1851, Britain was described as the "workshop of the world". The British Empire was expanded to include India, large parts of Africa and many other territories throughout the world. Alongside the formal control it exerted over its own colonies, British dominance of much of world trade meant that it effectively controlled the economies of many regions, such as Asia and Latin America. Domestically, political attitudes favoured free trade and laissez-faire policies and a gradual widening of the voting franchise. During the century, the population increased at a dramatic rate, accompanied by rapid urbanisation, causing significant social and economic stresses. To seek new markets and sources of raw materials, the Conservative Party under Disraeli launched a period of imperialist expansion in Egypt, South Africa, and elsewhere. Canada, Australia, and New Zealand became self-governing dominions. After the turn of the century, Britain's industrial dominance was challenged by Germany and the United States. Social reform and home rule for Ireland were important domestic issues after 1900. The Labour Party emerged from an alliance of trade unions and small socialist groups in 1900, and suffragettes campaigned from before 1914 for women's right to vote.
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