uk economy stats

Question 1

spending on healthcare

Answer 1

£221b

Question 2

spending on education

Answer 2

£111b

Question 3

spending on defence

Answer 3

£64b

Question 4

spending on welfare

Answer 4

£165b

Question 5

biggest taxes

Answer 5

Income tax
National insurance
VAT

Question 6

spending on pensions

Answer 6

£203b

Question 7

proportion of GDP from consumer spending

Answer 7

60%

Question 8

proportion of GDP from investment

Answer 8

15-20%

Question 9

proportion of GDP from government spending

Answer 9

18-20%

Question 10

proportion of investment from private sector firms

Answer 10

75%

Question 11

balance of payments defecit

Answer 11

£7.1 billion / 2.6% gdp

Question 12

income gini coefficient

Answer 12

0.351

Question 13

budget defecit

Answer 13

£46.9b / 4.8% gdp

Question 14

national debt

Answer 14

£2.79t

Question 15

real GDP growth rate for 2024

Answer 15

0.8%

Question 16

inflation december 2024

Answer 16

2.5%

Question 17

unemployment

Answer 17

4.4%

Question 18

youth unemployment

Answer 18

£13.4%

Question 19

tax rise total

Answer 19

£40b

Question 20

business confidence

Answer 20

Business confidence reached its highest level since August 2024, with a 12-point increase in sentiment in February 2025

Question 21

national minimum wage

Answer 21

£12.21 (21+)
6.7% increase

Question 22

working poverty

Answer 22

1/8

Question 23

personal allowance

Answer 23

£12570

Question 24

workforce in public sector

Answer 24

5.6m / 17%

Question 25

peak of trade unions

Answer 25

1970s 14m (50% workforce)

Question 26

trade union membership

Answer 26

6.5 million 23% workforce

Question 27

trade union premiums

Answer 27

4.5% better pay down from 25%

Question 28

wealth gini coefficient

Answer 28

0.59

Question 29

national / london living wage

Answer 29

£12.60 - national £13.85 - living

Question 30

world gini coefficient

Answer 30

0.65-0.7

Question 31

output gap

Answer 31

-0.6%

Question 32

inactivity rate

Answer 32

21.4%

Question 33

wage growth

Answer 33

5.9%

Question 34

inflation

Answer 34

2.6% (disinflation)

Question 35

current account defecit

Answer 35

2.6% gdp

Question 35

national debt

Answer 35

95.5% gdp

Question 36

base rate vs lending rate

Answer 36

4.5% 4.75%

Question 37

borrowing vs lending

Answer 37

Total household deposits: £1.7 trillion+ Total household lending (e.g., mortgages, loans): £1.6 trillion+

Question 38

infrastructure gap

Answer 38

lowest capital investment of G7 countries in 24/30 years