what currency is used in england 2012?
UK £
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 = = = Collaboration with the United Kingdom = = = 

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 = = = United Kingdom government = = = 

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 England 's economy is one of the largest in the world , with an average GDP per capita of £ 22 @,@ 907 . Usually regarded as a mixed market economy , it has adopted many free market principles , yet maintains an advanced social welfare infrastructure . The official currency in England is the pound sterling , whose ISO 4217 code is GBP . Taxation in England is quite competitive when compared to much of the rest of Europe – as of 2014 the basic rate of personal tax is 20 % on taxable income up to £ 31 @,@ 865 above the personal tax @-@ free allowance ( normally £ 10 @,@ 000 ) , and 40 % on any additional earnings above that amount . 

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 Common British versions include : 

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 United Kingdom @-@ based Mondi Group has facilities in Lancaster . Brush Wellman is headquartered Mayfield Heights and is a global supplier of alloy , precious metals , electronic , and engineered material systems and products , with a major facility in Elmore . Liebert is a manufacturer of environmental , power , and monitoring systems located in Columbus . 
