There are two type of social wasp commonly found in the UK. The common wasp (Vespula vulgaris) and the German wasp (Vespula germanica). Both and black and yellow, have painful stings and can make their nests in a variety of locations, including inside lofts, garden sheds, in holes in the ground and in bushes or trees.
We recently removed the nest in the picture from a holly bush in a customers garden. Wasps are best treated early in the season before the nest gets well established.
If you think you might have a wasp nest, call St Georges Pest Control for advice.