The United Kingdom is made up of England, Wales, Scotland and Northern Ireland. It has a long history as a major player in international affairs and fulfils an important role in the EU, UN and Nato.
The twentieth century saw Britain having to redefine its place in the world. At the beginning of the century, it commanded a world-wide empire as the foremost global power.
Two world wars and the end of empire diminished its role, but the UK remains an economic and military power, with considerable political and cultural influence around the world.
Britain was the world’s first industrialised country. Its economy remains one of the largest, but it has for many years been based on service industries rather than on manufacturing.
The Palace of Westminster is home to one of the world’s oldest parliaments
At a glance
Politics: Theresa May became prime minister in July 2016 on the resignation of her predecessor and fellow Conservative, David Cameron, in the wake of a referendum vote for Britain to leave the European Union.
Economy: The UK is recovering steadily from a slump that followed the 2008 global financial crisis. London’s financial industry is a significant part of the services-based economy
International: The UK is a key global player diplomatically and militarily. It plays leading roles in the EU, UN and Nato
The process of deindustrialisation has left behind lasting social problems and pockets of economic weakness in parts of the country.
More recently, the UK has suffered a deep economic slump and high public debt as a result of the 2008 financial crisis, which revealed its over-reliance on easy credit, domestic consumption and rising house prices.
Efforts to rein in the public debt – one of the developed world’s highest – has led to deep cuts to welfare, government services and the military, prompting concern about social equality and a possible loss of international influence.
Despite being a major member of the EU, the country is not part of the eurozone, and looks unlikely to join. Opposition to the EU’s common currency was boosted by a feeling that the pound had softened the blow of the financial crisis and spared the UK the eurozone crisis.
More generally, anti-EU feeling, fed by a concern over national sovereignty and perceptions of diminished autonomy, is strong among many Britons.
Prime Minister David Cameron, under pressure from the right of his Conservative Party, has promised a referendum on whether to remain in the European Union in 2017, and will seek radical EU reform beforehand to justify continued membership.
Critics say risking a British exit from the EU could mean courting economic disaster, as most of the UK’s international trade is within the EU.
In response to growing dissatisfaction with the UK’s traditionally highly centralised nature, the London government devolved powers to separate parliaments in Scotland and Wales in 1999.
But this did not stop the centrifugal trend. A nationalist government has been in power in Scotland since 2007. A referendum on independence was held in September 2014, with 55% of voters opting to remain as part of the United Kingdom and 45% favouring independence.
In Northern Ireland, after decades of violent conflict, the Good Friday agreement of 1998 led to a new assembly with devolved powers, bringing hopes of lasting peace.
The United Kingdom is made up of four countries, three of which have devolved powers. Voters in a Scottish referendum in 2014 rejected independence, with 55% opting to remain part of the United Kingdom and 45% voting for independence
The UK is ethnically diverse, partly as a legacy of empire. Lately, the country has been struggling with issues revolving around multiculturalism, immigration and national identity.
Concerns about terrorism and Islamist radicalism heightened after the suicide bomb attacks on London’s transport network in 2005.
There has also been a debate about immigration. Some advocate tough policies on limiting immigration, others attempt to put the case for it as a positive force.
One of the more recent trends in migration has been the arrival of workers from the new EU member states in Eastern Europe.
The UK has been a major force in global youth culture since the heyday of the Beatles and Rolling Stones in the 1960s.
It has a rich literary heritage encompassing the works of English writers such as William Shakespeare and Charles Dickens, Scot Robert Burns, Welshman Dylan Thomas and Northern Irishman Seamus Heaney.
The capital, London, is a major centre for trade and culture
nvestors seeking a residency visa for the UK can consider the Tier 1 investment visa. This requires an investment of £2 million and allows temporary residency in the UK for the investor and their immediate family. After 2 years applicants can invest £10 million in order to settle permanently (or £5 million after 3 years). Applicants can apply for British citizenship after either 5 or 6 years of residency.
- Investment of €2 million (from 6 November 2014)
- Investment not allowed in real estate
- Full family: Spouse and children under 18
- Temporary residency for 3 years 4 months
- Can be extended a further 2 years.
- Permanent residency £10 million 2 years, £5 million 3 years
- Strict investment rules
Acquiring citizenship in the UK through investment in Tier 1 is one of the most attractive investment visa programmes. Investments are restricted to UK government bonds and share or loan capital in actively trading UK companies. Such investments can carry either a guaranteed but low rate of return or a degree of elevated risk for higher return.
Historically, the vast majority of Tier 1 Investor Visa applicants invest in UK Gilts. This asset class, perhaps the single most secure in the world, gives returns that after management fees rarely achieve 0.5% per year. While such an approach is ultra secure it is not a great investment return. Our fully compliant, capital guaranteed, solution provides 6% per annum returns. We feel this is one of the most attractive investment solutions available for Tier 1 investors and their families.