British_economy课件.pptVIP

Bank of England In 1684. Britain’s central bank. Main functions: Execute monetary policy; Act as banker to the Government; Issue banknote and provide central Banking facilities for the banking system; “Lender of last resort”. III. TaxComposition of government revenue  1. Income tax  2. National Insurance contributions 3. VAT (value added tax) 4. Corporation tax IV. Trade Ninth biggest exporter in world. Principal exports: beverages, chemicals, food, fuels and tobacco. Largest export clients : United States (13.9%), Germany (11.5%), N