How does UK make money?

Mainly this:

Flogging weapons to countries with dubious human rights records seems to be a nice little earner.

Oh and financial services.

and this:

Ripping off the residents. Sorry, banking.

Oh and being laundry service for mafia's, oh wait, no, that's also our banks.

Edit: More to come!

Funding terrorism against this country and our allies, rigging interest rates... Hmm what else?
 
Banking, sort of.

And occasionally multinational retail giants come over here, pay the staff a pittance, sell the goods for massive markups and then stick all the money in an offshore bank account. But we see a tiny tiny amount, like they throw us 50 pence for every million they make.
 
Basically been in discussion lately and we were talking about how China,Usa,Germany etc make money but then the conversation got to UK and everyone kinda went quiet...

So how do we make enough money as a country to be in top 10 richest countries in the whole world?

Because we allow firms from all over the world to come and participate in our economy and because we offer financial incentives to start ups and small businesses.

The UK does not make money, it collects tax. Private enterprise makes money, the figures of which are the basis for GDP.
 
Some fairly pathetic replies in this thread, if you despise your country that much then provided you have something to offer yourself (and it would be most hypocritical if you don't) then it's entirely possible to live somewhere else.

We have a rich manufacturing industry specialising in high technology, we innovate, we have great foundations in expert consulting, we are a world centre for financial services, we build fantastic things, we have a big service sector...
 
Basically been in discussion lately and we were talking about how China,Usa,Germany etc make money but then the conversation got to UK and everyone kinda went quiet...

So how do we make enough money as a country to be in top 10 richest countries in the whole world?


financial services, and high quality engineering exports such as nuclear reactor components and aircraft/parts.

i like this quote

"In 1940 I could at least fly as far as Glasgow in most of my aircraft, but not now! It makes me furious when I see the Mosquito. I turn green and yellow with envy. The British, who can afford aluminium better than we can, knock together a beautiful wooden aircraft that every piano factory over there is building, and they give it a speed which they have now increased yet again. What do you make of that? There is nothing the British do not have. They have the geniuses and we have the nincompoops. After the war is over I'm going to buy a British radio set - then at least I'll own something that has always worked."
Hermann Göring
 
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By 'UK' I'm pretty sure the OP was referring to the country as a whole rather than just the government.

Really? Because a lot of people fail to make the distinction, as illustrated by posts about deficits and other unrelated tripe. It amuses me that people with no discernible knowledge about the economy have such a lot to say about it.

The initial question itself, if it is about the country as a whole, is rather daft anyway. Multinational companies generate money in whatever way they do. The fact that they have offices/bases/plants/etc within the UK borders means that the UK's GDP is positively affected. I don't understand what is so difficult to grasp about any of this.
 
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