UK (commonly known as the United Kingdom, the UK, or Britain) is a country of western Europe comprising England, Scotland, Wales, and Northern Ireland

London is a major centre for international business and commerce and is the leader of the three "command centres" for the global economy (along with New York City and Tokyo). For over twenty-five years, the British economy has corresponded with what has been described by some since the 1980s as the Anglo-Saxon model, focusing on the principles of liberalisation, the free market, and low taxation and regulation. Based on market exchange rates, the United Kingdom is the fifth largest economy in the world, and the second largest in Europe after Germany.

London is the world's largest financial centre with the London Stock Exchange, the London International Financial Futures and Options Exchange, and the Lloyd's of London insurance market all based in The City. It also has the largest concentration of foreign bank branches in the world.

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