15. Answer the questions on the text. Use the following expressions to begin your answer.

The text tells the reader that…

I think…

I suppose…

If I got it right…

It seems to me that …

In my opinion

1. What is the UK economy made up?

2. What were the basic industries with which the Industrial Revolution started?

3. Why did the UK begin to lose its competitive advantage?

4. What is a significant part of the British economy?

5. What are the most important industries of the economy of the country?

6. Where are the largest London financial bodies situated? What are they?

7. What are the three “command centers” for the global economy?

8. Why is tourism very important for the British economy?

9. Who is responsible for the success or failure of the British economy?

10. What is the national currency of the UK?

11. Did the UK join the euro at the currency’s launch?

16. Complete the following sentences according to the text.

1. The UK economy is made up (…) of …

2. The empire created an overseas market …

3. The UK began to lose …

4. The service sector is …

5. London is a major centre for …

6. The Scottish capital, …, has …

7. London, by …, is …

8. The UK economy has been managed …

9. The Bank of England’s Monetary Policy Committee is headed by …

10. Since 1997 the Bank of England’s Monetary Policy Committee has been responsible …

11. The Bank of England is …

17. Agree or disagree. Correct wrong statements.

I (quite) agree (with you). I don’t think so.

I think so too. I don’t agree.

Certainly! I think you are mistaken.

Just so. You are wrong.

1. The UK economy is made up (in descending order of importance) of the economies of Wales, England, Scotland and Northern Ireland.

2. Shipbuilding, coal mining, steel production, textiles were the main industries of the Industrial Revolution.

3. The empire overseas market allowed the British products to dominate in the 19-th century.

4. Nowadays the British motor industry is domestic owned.

5. London is the second largest financial centre.

6. London is the leader of the three “command centers” for the global economy.

7. London as a centre of tourism is one of the most visited city in the UK.

8. The UK’s agricultural sector accounts for less than 1.0% of the country’s GDP.

9. The UK has large deposits of the most important resources, e.g. coal, natural gas and oil.

10. Government involvement throughout the economy is exercised only by the Chancellor of Exchequer.

11. The national currency of the UK is the euro.

18. Arrange the sentences according to the text.

1. Government involvement throughout the economy is exercised only by the Chancellor of Exchequer, who heads HM Treasury.

2. The Bank of England is responsible for issuing currency.

3. The UK service sector has grown substantially and mow makes up about 73% of GDP.

4. Today the UK is the fifth largest economy in the world and the second largest in Europe after Germany.

5. London has the largest concentration of foreign bank branches in the world.

6. Manufacturing remains a significant part of the economy.

7. In recent years the UK economy has been managed in accordance with principles of market liberalization, low taxation and regulation.

8. The Industrial Revolution started in the UK with an initial concentration on heavy industries.

9. Manufacturing accounted for only one-sixth of national output in 2003.

10. An alternative to coal-fired electricity generation is underground coal gasification.

11. Rolls-Royce holds a major share of the global aerospace engines market.

19. Read the information and fill in the chart.

Economic region	Its centre (capital)	Industries

The economic regions of Great Britain are diverse and vary in the rate of their economic development, regional specialization and natural resources distribution. The major economic regions of Great Britain are the following: the South of England (sometimes subdivided into the South-East and the South-West); the Midlands (the West Midlands and the East Midlands); Lancashire; Yorkshire; the North of England (the North-West and the North-East); Scotland; Wales; Northern Ireland.

The South-East is the largest and more highly developed region with London and the Greater-London area as the centers. London is the main centre in Britain of the clothing and food and drink industries, or film production and of manufacture of furniture, materials for the arts, precision instruments and many other specialized goods. Atomic energy research and production centers are Aldermaston and Harrowell.

Portsmouth is a naval port. Southampton is Britain's largest port for ocean-going liners. East Anglia is a major agricultural area. Kent is another agricultural area, the orchard of England.

The South-West includes Cornwall and Devon, which have a considerable tourist industry. Bath is a popular health resort. Bristol is a leading port and commercial centre with aircraft, aero-engines, tobacco, food-processing, paper and other industries.

The Midlands represent the largest concentration of manufacturing industry. The characteristic industries of the West Midlands are metallurgy, machine-tool building, electrical engineering, the car, carpets and pottery industries. Birmingham is the regional capital. Coventry is the centre of the car and aircraft industries. In the East Midlands Nottingham is noted for lace and bicycles, tobacco; Corby - a new town - for steel industry.

Lancashire with the largest cities of Manchester and Liverpool is the centre of the cotton and related textile industries, chemicals of all kinds and textile machinery.

Yorkshire is the eastern neighbor of Lancashire. Leeds is the commercial centre of woolen textile area. Sheffield is a heavy-engineering centre.

The North of England consists of two areas; the North-West and the North-East. The first British atomic power station Colder Hall was built in the North-West. The industrial North-East is more dependent than other parts of England on traditional heavy industries.

Scotland. The traditional Scottish industries: coalmining, steel manufacture, shipbuilding, textiles remain important, but they have been in decline for a number of decades. New industries have grown within the Scottish economy following a high level of investment by overseas companies, especially from the United States - electronic engineering, chemicals, especially petro-chemicals, the food and drink industries and light engineering. Edinburgh is the capital city of Scotland.

Wales. Coalmining is the traditional basic industry. New firms have appeared in Wales, including most recently Japanese and American concerns. Cardiff is the capital of Wales. Newport and Swansea are ports. Agriculture occupies about 72 per cent of the land area, the main activities being sheep and cattle rearing in the hill regions and dairy-farming in the lowlands. Tourism in Wales is widely popular.

Northern Ireland. The economy of Northern Ireland has its roots in three basic industries - agriculture, textiles, ship-building. Belfast, the capital city, has Britain's largest shipyard. Other industrial activities include the manufacture of aircraft, textile machinery and a wide range of engineering products, tobacco and clothing

20. Ask your friend,

• знает ли он;

• знает ли он, почему;

• знает ли он, из скольких частей;

• знает ли он, сколько островов;

• знает ли он самые большие;

• что он знает о.

21. Review the information you’ve got from Lesson 3. Summarize it using the suggested words and word combinations.

In descending order of size, based on, the fifth largest economy, an initial concentration on, to dominate, international trade, a major centre for, to be the leader of, the largest concentration of, to account for, the bank of England, to be diverse, to vary in, the major economic regions.