what is the currency in england 2012?
UK £
neutral
 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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 = = = United Kingdom government = = = 

neutral
 Throughout this article , the unqualified term " pound " and the £ symbol refer to the Pound sterling . 

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 In October 1997 , Brown took control of the United Kingdom 's membership of the European single currency issue by announcing the Treasury would set five economic tests to ascertain whether the economic case had been made . In June 2003 the Treasury indicated the tests had not been passed . 

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 = = 13 May and the New Economic Policy = = 
