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Total net social spending in terms of percent of GDP, takes into account public and private social expenditure, and also includes the effect of direct taxes (income tax and social security contributions), indirect taxation of consumption on cash benefits, as well as tax breaks for social purposes.
In 2013 the UK was the leading country in Europe for inward foreign direct investment (FDI) with $26.51bn. This gave it a 19.31% market share in Europe. In contrast, the UK was second in Europe for outward FDI, with $42.59bn, giving a 17.24% share of the European market. [243]
Debt interest has grown as a proportion of government spending in the last few years as a result of rising interest rates, and increased debt due to primarily to the cost of the Covid pandemic. [10] In financial year 2018–19, debt interest was £43 billion - around 5% of total government spending [11] compared to around 10% in 2023–24.
£1.29 – Cost per person in the UK of ... £3.3 million – Charles’s non-official expenditure for himself and his family including salary costs of personal staff and a proportion of costs ...
According to United Nations Economic Commission for Europe, ″Research and development (R&D) expenditure as a proportion of Gross Domestic Product (GDP) is defined as the total intramural expenditure on research and experimental development (R&D) performed in the national territory during a specific reference period expressed as a percentage ...
In October 2021, the UK government's Office of Budget Responsibility calculated that Brexit would cost 4% of GDP per annum over the long term. [51] a 4% GDP hit could translate into a £32 billion cost per annum to the UK taxpayer. [52] After rebates, the UK's EU membership fee in 2018 was £13.2 billion. [53]
This article lists military spending in European countries by varying methods including as a percentage of GDP per capita and as a total capital expenditure as listed by the Stockholm International Peace Research Institute unless otherwise stated or cited.
The proportion of UK export to the European Union has been noted to be in decline, since exports to non-EU countries have increased at a faster rate. [25] On the European side, according to Eurostat, exports from the EU 27 to the UK have increased from 316 euro billions in 2015 to 319 euro billions in 2019. In the same time, according to ...