About UK

General Information
The United Kingdom, made up of England, Scotland, Wales and Northern Ireland, is an island nation in northwestern Europe. England – birthplace of Shakespeare and The Beatles – is home to the capital, London, a globally influential Centre of finance and culture. England is also site of Neolithic Stonehenge, Bath’s Roman spa and centuries-old universities at Oxford and Cambridge.

Population
UK has a population of 65,110,000

Political Structure
The United Kingdom is a unitary state under a constitutional monarchy. Queen Elizabeth II is the head of state of the UK as well as monarch of fifteen other independent Commonwealth countries. The Constitution of the United Kingdom is uncodified and consists mostly of a collection of disparate written sources, including statutes, judge-made case law and international treaties, together with constitutional conventions. As there is no technical difference between ordinary statutes and “constitutional law”, the UK Parliament can perform “constitutional reform” simply by passing Acts of Parliament, and thus has the political power to change or abolish almost any written or unwritten element of the constitution. However, no Parliament can pass laws that future Parliaments cannot change.

Infrastructure and Economy
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.

Languages
UK’s official language is English

Currency
Pound sterling (GBP; £)

Exchange Controls
UK does not have exchange controls.