Effective rates (ER) return

UK residents sector comprises of financial corporations other than monetary financial institutions including other financial intermediaries, (such as securities dealers), pension funds and financial auxiliaries (such as entities regulating financial activities, fund management companies), which also embrace financial quasi-corporations. Non-financial corporations other than public corporations (state owned or nationalised industries), to which are added non-financial quasi-corporations, are privately owned corporate entities located in the United Kingdom, for example BP plc. Other sectors are individuals and individual trusts, unincorporated businesses other than unlimited liability partnerships, and non-profit institutions serving households.

Monetary financial institutions include the central bank (the Bank of England), firms with a permission under Part IV of the Financial Services and Markets Act 2000 to accept deposits (other than (1) credit unions; (2) firms whose permission to accept deposits is only for the purpose of carrying out insurance business; and (3) friendly societies), and European Economic Area (EEA) firms with a permission under Schedule 3 of the Financial Services and Markets Act 2000 to accept deposits through a UK branch. This includes UK banks and building societies and the UK branches of inwardly passporting EEA banks.

The public sector consists of central government entities, public corporations, and local government. Central government comprises of government departments and quasi-government entities. Public corporations are corporate entities which are owned and controlled by the UK central or local government; in general, they comprise of corporations set up by Parliament and nationalised corporations. Local government includes new unitary authorities and other councils (for example, county, district, parish, and town) and their departments, and those entities which have taken over the assets and functions of the former metropolitan councils.