London

About The United Kingdom

The United Kingdom is made up of England, Wales, Scotland and Northern Ireland. It has a long history as a major player in international affairs and plays  a  significant  role in the EU, UN and Nato  though on the 24th of June 2016, United Kingdom  voted to  leave the European Union.

Britain was the world's first industrialised country. Its economy remains one of the largest, but it has for many years been based on service industries rather than on manufacturing.

Population

According to the Office of National Statistics, the UK population in 2016 is 65,110,000 people.

The United Kingdom is the 22nd largest country in the world, the fourth largest in Europe, and the third largest in the European Union by population.

London, the capital city, is also the largest city in the UK. In 2015 the population of London was 8,673,713 people.

Government

The United Kingdom is a constitutional monarchy and parliamentary democracy, with a queen and a parliament that has two houses: the House of Lords, with 574 life peers, 92 hereditary peers, and 26 bishops; and the House of Commons, which has 651 popularly elected members. Supreme legislative power is vested in parliament, which sits for five years unless dissolved sooner.

Elizabeth II became queen of the United Kingdom of Great Britain and Northern Ireland in 1952 upon the death of her father, George VI.

In September 2015, she became Britain's longest-reigning monarch, surpassing the record of her great-great grandmother, Queen Victoria. She is also head of state of 16 independent countries including Canada and Australia. As a constitutional monarch, her role in the legislative process is largely ceremonial.

Politics

On the 13th of July 2016,  Theresa May has been appointed as the second female Prime Minister at an audience with Queen Elizabeth at Buckingham Palace.

The Conservative leader vowed to unite those divided by the EU referendum and reiterated that there would be no second referendum attempts to join the European Union and instead pledged to set out economic plans to deal with the current instability.

Article 50 of the Lisbon Treaty, which triggers two years of formal negotiations, will be invoked before the end of March 2017. In practice this means the UK will be out of the EU by the summer of 2019.

On June 8, 2017, Prime Minister Theresa May has called for a snap general election to 'make a success out of Brexit.' The election resulted  in Hung Parliament after the conservatives fell short of a majority and no party won an election majority.
Prime Minister Theresa May - In a hung parliament, will remain as  the incumbent Prime Minister until it is decided who will attempt to form a new government.

Economy

The aftermath of  Brexit  saw the the pound currency  declining to a three-year low  at the end of June 2016 against the euro following  Theresa May's announcement that the UK would begin formal Brexit negotiations by the end of March taking its fall from a pre-referendum rate of over 1.30 euros to a low of 1.09 euros in October. By 22 December it had regained some ground back to a pound being worth 1.18 euros and $1.23 – compared with $1.47 pre-referendum.

On July 26, 2017 - the Sterling has steadied to a one week high o f $1.30 with hopes for more political stability amidst uncertainty over Brexit and  Hung Parliament.

 

 

Sources:

http://www.bbc.co.uk/news/world-europe-18023389

 
Last updated 26 July 2017