Strategic Planning

Gaining information from current impacts of UK political sector will certainly facilitate the collaboration to rule out the tax policy as well as applying its practices, towards its internal and external stakeholders. It will also lead to ensure the board level oversight of internal tax policymaking.This aspect affects the cost of exporting goods from the country of garment manufacture to Topshop & Topman Headquarter in the England, also to deliver the products to worldwide fashion consumers outside the United Kingdom via Topshop & Topman Online Shopping. Figure below lists down the most recent update of UK Exchange Rate in relation to followed currencies:The Gross Domestic Product (GDP) in the United Kingdom contracted 0.30 percent in the first quarter of 2012 over the previous quarter. Historically, from 1955 until 2012, the United Kingdom GDP Growth Rate averaged 0.5800 Percent reaching an all time high of 5.3000 Percent in March of 1973. The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy. (Trading Economics, 2012)

The United Kingdom is among the world's most developed economies. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. (Trading Economics, 2012)The benchmark interest rate in the United Kingdom was last reported at 0.50 percent. Historically, from 1971 until 2012, the United Kingdom Interest Rate averaged 8.3300 Percent reaching an all time high of 17.0000 Percent in December of 1979 and a record low of 0.5000 Percent in March of 2009. (Trading Economics, 2012)

Decisions on interest rates are taken by the Monetary Policy Committee (MPC). The Bank of England official interest rate is the repo rate. This repo rate applies to open market operations of the Bank of England with a group of counterparties (banks, building societies, securities firms).

3.2.3. UK Exchange Rate

This aspect affects the cost of exporting goods from the country of garment manufacture to Topshop & Topman Headquarter in the England, also to deliver the products to worldwide fashion consumers outside the United Kingdom via Topshop & Topman Online Shopping. Figure below lists down the most recent update of UK Exchange Rate in relation to followed currencies: