Ethnic diversity varies significantly across the UK. 30.4 per cent of London's population and 37.4 per cent of Leicester's was estimated to be non-white in 2005, whereas less than 5 per cent of the populations of North East England, Wales and the South West were from ethnic minorities, according to the 2001 census. In 2016, 31.4 per cent of primary and 27.9 per cent of secondary pupils at state schools in England were members of an ethnic minority. The 1991 census was the first UK census to have a question on ethnic group. In the 1991 UK census 94.1 per cent of people reported themselves as being White British, White Irish or White Other with 5.9 per cent of people reporting themselves as coming from other minority groups.
The UK has a partially regulated market economy. Based on market exchange rates, the UK is today the fifth-largest economy in the world and the second-largest in Europe after Germany. HM Treasury, led by the Chancellor of the Exchequer, is responsible for developing and executing the government's public finance policy and economic policy. The Bank of England is the UK's central bank and is responsible for issuing notes and coins in the nation's currency, the pound sterling. Banks in Scotland and Northern Ireland retain the right to issue their own notes, subject to retaining enough Bank of England notes in reserve to cover their issue. The pound sterling is the world's third-largest reserve currency (after the US dollar and the euro). Since 1997 the Bank of England's Monetary Policy Committee, headed by the Governor of the Bank of England, has been responsible for setting interest rates at the level necessary to achieve the overall inflation target for the economy that is set by the Chancellor each year.
More InfoThe UK does not have a codified constitution and constitutional matters are not among the powers devolved to Scotland, Wales or Northern Ireland. Under the doctrine of parliamentary sovereignty, the UK Parliament could, in theory, therefore, abolish the Scottish Parliament, Senedd or Northern Ireland Assembly. Indeed, in 1972, the UK Parliament unilaterally prorogued the Parliament of Northern Ireland, setting a precedent relevant to contemporary devolved institutions. In practice, it would be politically difficult for the UK Parliament to abolish devolution to the Scottish Parliament and the Senedd, given the political entrenchment created by referendum decisions. The political constraints placed upon the UK Parliament's power to interfere with devolution in Northern Ireland are even greater than in relation to Scotland and Wales, given that devolution in Northern Ireland rests upon an international agreement with the Government of Ireland.
More InfoThe fourteen British Overseas Territories are remnants of the British Empire: they are Anguilla; Bermuda; the British Antarctic Territory; the British Indian Ocean Territory; the British Virgin Islands; the Cayman Islands; the Falkland Islands; Gibraltar; Montserrat; Saint Helena, Ascension and Tristan da Cunha; the Turks and Caicos Islands; the Pitcairn Islands; South Georgia and the South Sandwich Islands; and Akrotiri and Dhekelia on the island of Cyprus. British claims in Antarctica have limited international recognition. Collectively Britain's overseas territories encompass an approximate land area of 480,000 square nautical miles (640,000 sq mi; 1,600,000 km2), with a total population of approximately 250,000. A 1999 UK government white paper stated that: "[The] Overseas Territories are British for as long as they wish to remain British. Britain has willingly granted independence where it has been requested; and we will continue to do so where this is an option." Self-determination is also enshrined in the constitutions of several overseas territories and three have specifically voted to remain under British sovereignty (Bermuda in 1995, Gibraltar in 2002 and the Falkland Islands in 2013).
More InfoWales 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.
More InfoThe organisation of local government in England is complex, with the distribution of functions varying according to local arrangements. The upper-tier subdivisions of England are the nine regions, now used primarily for statistical purposes. One region, Greater London, has had a directly elected assembly and mayor since 2000 following popular support for the proposal in a referendum. It was intended that other regions would also be given their own elected regional assemblies, but a proposed assembly in the North East region was rejected by a referendum in 2004. Since 2011, ten combined authorities have been established in England. Eight of these have elected mayors, the first elections for which took place on 4 May 2017. Below the regional tier, some parts of England have county councils and district councils and others have unitary authorities, while London consists of 32 London boroughs and the City of London. Councillors are elected by the first-past-the-post system in single-member wards or by the multi-member plurality system in multi-member wards.
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