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→Economy
==Economy==
==Economy==
[[File:Photo 2025-09-02 09-58-46.jpg|right|300px|thumb|Augist 2025.]]
[[File:London.jpg|thumb|left|280px|London's financial center.]]
Britain has been hard hit by the [[Recession of 2008]], with its major banks taken over or subsidized by the government. Real gross domestic product declined by 4.6% in 2009, and is expected to rise by 0.6% before 2010 and probably will continue to increase by 1% in 2011.
Britain has been hard hit by the [[Recession of 2008]], with its major banks taken over or subsidized by the government. Real gross domestic product declined by 4.6% in 2009, and is expected to rise by 0.6% before 2010 and probably will continue to increase by 1% in 2011.
=== Economic History ===
=== Economic History ===
[[File:London.jpg|thumb|right|280px|London's financial center.]]
In 1960, the United Kingdom had the fourth-largest economy, with a GDP of $75 billion.<ref>https://en.wikipedia.org/wiki/List_of_countries_by_largest_historical_GDP</ref> In 1965, the UK got surpassed by France, getting to fifth place, with a GDP of $100 billion. In 1970, the fast-growing Japanese economy surpassed the UK, bumping it to 6th place. In 1975, the UK got $240 billion, in 1980 it got $540 billion, and in 1985, the UK declined slightly to $535 billion. But the top 6 stayed the same, the United States, Soviet Union, Japan, Germany, France, and the United Kingdom. In 1990, Italy humiliated the UK, by putting the UK at 7th, despite booming to $1.1 trillion. In 1995, the UK grew to $1.325 trillion, bumping both Italy's curving economy and Russia's collapsing economy. In 2000, the UK went to $1.445 trillion, surpassing its longtime-rival-but-ally France, thus getting to 4th. In 2005, the UK boomed to $2.5 trillion dollars, keeping its 4th. In 2010, the UK declined to $2.25 trillion, getting bumped to 6th. In 2015, however, the UK got to $2.863 trillion, surpassing France again. In 2020, the booming Indian economy surpassed the UK, with $2.8 trillion (a small decline), bumping it to 6th.
In 1960, the United Kingdom had the fourth-largest economy, with a GDP of $75 billion.<ref>https://en.wikipedia.org/wiki/List_of_countries_by_largest_historical_GDP</ref> In 1965, the UK got surpassed by France, getting to fifth place, with a GDP of $100 billion. In 1970, the fast-growing Japanese economy surpassed the UK, bumping it to 6th place. In 1975, the UK got $240 billion, in 1980 it got $540 billion, and in 1985, the UK declined slightly to $535 billion. But the top 6 stayed the same, the United States, Soviet Union, Japan, Germany, France, and the United Kingdom. In 1990, Italy humiliated the UK, by putting the UK at 7th, despite booming to $1.1 trillion. In 1995, the UK grew to $1.325 trillion, bumping both Italy's curving economy and Russia's collapsing economy. In 2000, the UK went to $1.445 trillion, surpassing its longtime-rival-but-ally France, thus getting to 4th. In 2005, the UK boomed to $2.5 trillion dollars, keeping its 4th. In 2010, the UK declined to $2.25 trillion, getting bumped to 6th. In 2015, however, the UK got to $2.863 trillion, surpassing France again. In 2020, the booming Indian economy surpassed the UK, with $2.8 trillion (a small decline), bumping it to 6th.