Uk Enjoys Second Highest Living Standard In Europe

By Author: Jim Carry
Total Articles: 11
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If we get the details in numerical data, the UK had 21pc of living standard where as Luxembourg was enjoying the best living standard with 50pc higher. Germany had acquired third place followed by two other developed countries as Netherlands and Austria in Europe. The report has been prepared on the base of individual consumption because, it comprises of all the basic needs including health and education that are backed by the government and thus the living standard of British has gone up with the help of public services. But the Governor of the bank of England has said that the Englishmen are witnessing the biggest wring in living standard since 1920. Some similar comments have been also landed by the Institute for fiscal Studies. It says that English households are facing like a lost decade as their disposable incomes are very low. On the other side, when it comes with GDP per English citizen, that is considered an ideal measurement of country’s welfare, UK has gained 10pc more than the EU average in 2010.

Luxembourg has taken the first place in the statistic report and the experts believe that these have taken place ...
... because of the large pool of cross-border workers employed in the country. They have very big role to play in the economy of Luxembourg and they contribute to keep the GDP high, but they are authorised to be listed in resident record and thus the GDP is calculated on as the resident record.

Netherlands has got very close place to the UK and has one third more than the average GDP and at the same time, Ireland, Denmark, Austria and Sweden were holding the basic points between 15pc to 20 pc. Where France also seems similar to UK, at the same time Spain, Cyprus and Italy were moving around the average. The data of EU has also brought the images these countries in terms of expensiveness. Here, Denmark had been named as the most expensive place at the same time, Bulgaria stood at the least expensive position.

In order to maintain such high living standard the finance industry of UK plays a pivot role, by providing finance very easily to the people when they are between financial crises. The financer’s of UK has made financial aids which can be applied by all segments of people weather having good financial rating or bad. 1 month loan is such an financial aid which can be easily applied and through it you can avail funds very easily and live life according to your will.

Jim Carry is our financial advisor . She working with us to provides best knowledge about cash and finance. Her articles are on 24 month loans , 6 month loans,9 month loans and 90 days loansetc. More info visit:- http://www.1monthloanuk.co.uk