Application Flashcards
1
Q
Annual growth (2024)
A
1.1%
2
Q
Quarterly growth rate
A
Q3: 0.1%, Q4: 0%
3
Q
Annual growth forecast
A
OBR: 1%, BoE: 0.75%
4
Q
Output gap
A
-0.6%
5
Q
GDP per Capita
A
£36,000
6
Q
Total GDP
A
£2.851 trillion (79% Services, 14% Manufacturing, 6% Construction, 1% Agriculture)
7
Q
Unemployment rate
A
4.4.%
8
Q
Employment rate
A
75.1%
9
Q
Economic inactivity rate
A
21.4%
10
Q
Wage growth
A
5.9%
11
Q
Job vacancies
A
Falling
12
Q
Youth unemployment
A
13.3%
13
Q
Consumer confidence
A
Very weak
14
Q
Inflation rate
A
2.6%
15
Q
Core inflation rate
A
3.1%
16
Q
Producer price inflation
A
0.3%
17
Q
Inflation expectations
A
3.9%
18
Q
Current account deficit
A
2.6% GDP
19
Q
Productivity and investment
A
Very poor
20
Q
Minimum wage
A
£12.21/hr 21+
21
Q
Exchange rate
A
Weak: £1= $1.32, £1= €1.16
22
Q
US and Euro area
A
US= Slowing, Euro= Stagnating
23
Q
Budget Deficit
A
4.8% GDP (£137bn)
24
Q
National debt
A
95.5% GDP
25
Bond Yields
4.67%
26
Income tax bands
0% to £12,570, 20%, 40%, 45% (Frozen to April 2028)
27
National insurance
Employees: 12% to 10% to 8%
Employers: Increasing
28
Corporation tax
25%
29
VAT
20%
30
Gini Coefficient
0.357
31
BoE base rate
4.5%
32
Average lending rate
4.75%
33
Banks willingness to lend
Good
34
Business confidence
Very weak
35
Savings ratio
12%
36
Quantitative easing
£895bn
