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Political Data | |||||||||
| Head of State: | Queen Elizabeth II | ||||||||
| Prime Minister: | Tony Blair | ||||||||
| Finance Minister / Chancellor of the Exchequer: | Gordon Brown | ||||||||
| Foreign Minister: | Robin Cook | ||||||||
| Secretary of State for Trade & Industry: | Margaret Beck | ||||||||
| Central Bank Governor: | Eddie George | ||||||||
| Environment Minister: | John Prescott | ||||||||
| Employment Minister: | David Blunkett | ||||||||
| Sherpa: | John Holmes | ||||||||
| Sous-Sherpa: | Colin Budd (FCO) | ||||||||
| Political Party in Government: | Labour Party
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Composition of Parliament (General Election of May 1, 1997) | |||||||||
| Party | # of Seats | ||||||||
| Labour | 418 | ||||||||
| Conservative | 165 | ||||||||
| Liberal-Dem. Party | 46 | ||||||||
| Scottish Nat'l Party | 6 | ||||||||
| Plaid Cymru | 4 | ||||||||
| Unionist (all) | 13 | ||||||||
| Soc. Dem. & Lab. | 3 | ||||||||
| Sinn Fein | 2 | ||||||||
| TOTAL | 659 | ||||||||
| Next General Election due before: | May 1, 2002
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| Economic Data | |||||||||
| GDP: |
(1996) Pounds 741.75 bln (1997) Pounds 787.87 bln Source: IMF | ||||||||
| Population: | 58.8 million | ||||||||
| GDP per capita: | Pounds 3,398 | ||||||||
| Economic Growth Rate: |
(3 months*) +2.5% change at annual rate (1 year/1997 4th quarter) +2.9 change at annual rate The Economist's Forecasts: (1998) +2.3; (1999) +1.9 Source: The Economist | ||||||||
| Consumer Price Inflation: |
(3 months*) +1.3 % change at annual rate (1 year - Mar. 1998) +3.5 % change at annual rate Source: The Economist *Average of latest 3 months compared with average of previous 3 months, at annual rate | ||||||||
| Unemployment Rate: | (Feb. 1998) 6.4% Source: The Economist |
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| Interest Rate: | Banks prime (22 April 1998): 8.25% per annum Source: The Economist |
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| Exchange Rate: | [Pounds per US dollar / Market Rate - Period Average]
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| Current Account: (latest 12 months) |
(1997 4th quarter) +7.3 $bln Source: The Econoimist |
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| Foreign Aid: | 0.28 (ODA % of GNP) - fourth with Japan among G7 countries | ||||||||
| World Rank | 6th | ||||||||
Prepared by Aron Halpern, Stephen Hudovernik, and Allison Smith, University of Toronto G8 Research Group, May 1998.
 
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This Information System is provided by the University of Toronto Library and the G8 Research Group at the University of Toronto. |
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g8@utoronto.ca This page was last updated . |