what money is used in england?
UK £
entailment
 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 . 

entailment
 = = Bidding , construction , and sale to the British = = 

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

neutral
 In Britain : 

neutral
 United Kingdom : 
