Made In Britain

The City

British Industry

Progress Check III.

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Ответьте на вопросы.

What is the name of the most important financial institution that produces and sells financial services?

What are the main functions of banks?

Are there any traditional services that banks offer? What are they?

What are the services offered by banks?

How do industry analysts call the current trend in the banking business?

Credit function is ………

Customers leave articles of value in bank ………

Banks offer to manage the financial affairs in return ………

Banks specialize mainly in business cash management services, but there is a growing trend today ………

Britain used to have many manufacturing industries, but since the Second World War its service industries, especially banking and retailing have expanded. Between 1951 and 1991, the percentage of people working in service industries rose from 36 per cent to 71 per cent. The number of people working in manufacturing industries has one down.

Heavy industries, including steel manufacture and shipbuilding, have been replaced by highly-technology manufacturing industries, such as aeroplane engine manufacture and pharmaceuticals.

Two and a half million people work in retailing (shops, supermarkets, chain-stores) in Britain. It is one of Britain’s biggest service industries.

The city is a part of London. It used to be the old Roman and medieval town of London, but is now the area of London with all the banks. The City now one of the most important financial centers in the world. Although the City is only one square mile, 300,000 people work there. It contains 8500companies and 524 banks from 76 countries.

The City earns 10 billion pound a year by selling its financial services. In 1994, London had 40 per cent of the world’s foreign exchange trade (buying and selling of foreign currencies), far more than its nearest rival, New York.

Life (a future market for financial services and goods) was founded in 1992. It is now the second-largest market of its kind in the world.

In Britain, there are only a few successful large companies. The large companies often invest a lot of money in research and development, R&D, to find new and better, usually high technology, products.

Successful small manufacturing companies in Britain often make expensive products. These companies are successful because they used first-class materials, have excellent qualify control and the workers are proud of what they make. They include J.Barbour & Sons, which makes waterproof jackets: Barbour jackets, originally designed for fishermen and farmers, are now fashionable in cities throughout Europe; the Morgan Motor Company, which makes elite cars; Quad Electro acoustics, which makes top-qualify hi-fi equipment; Wilkin & Sons, which makes jams.

BP is now the second largest company in Europe. It is involved in oil and gas refining and the manufacture of petrochemical products. It is investing money in making cleaner petrol.

Vocabulary:

to manufacture	производить	to make jam
to earn	зарабатывать	currency	валюта
to sell	продавать	rival	соперник
to invest	вкладывать	product	продукция
to try	пробовать, пытаться	quality	качество
to cure	лечить	acoustics	акустика
to reduce	уменьшать	elite cars	элитные машины
to be proud of	гордиться	disease	болезнь
to be involved in	быть вовлеченным	medicine	лекарство
to contain	содержать	equipment	оборудование
to include	включать	expensive	дорогой
banking	банковское дело	first-class	первосортный
retailing	розничная продажа	waterproof	водонепроницаемый
shipbuilding	судостроение	hi-fi	высокая точность воспроизведения звука
pharmaceutical	фармацевтический	foreign	иностранный
refining	очистка	fashionable	модный
percentage	процентное отношение	R&D	Research & Development
trade	торговля	BP	British Petroleum

Дата добавления: 2015-05-26