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A description of the UK economy - Essay Example

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The UK has made considerably improvements since 2003. It is ranked as one of the economies where inflation, unemployment and inflation rates are significantly low even in the contemporary world where most economies are experiencing a crisis due to rapid population growth and the in-expandable capability of their economies …
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A description of the UK economy
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A description of the UK economy

Download file to see previous pages... The UK economy is currently doing well and might be begrudged by many emerging economies. It has high employment levels, minimal inflation rates and a good annual growth of 0.2%. however, if the government continues increasing its expenditure, the UK might soon find itself in another self-imposed crisis. The UK government should realize that the real risk from increased government expenditure is the burden of interest that has to be paid on the money borrowed to finance government activities. Though the government has the role of stimulating economic growth, it must use methods and/or policies that will not conflict with some of its goals and/or objectives. Apparently, tax reduction might work in further improving the performance of the UK economy but such reductions must not be at the expense of government revenues. Vast as it is, the UK government requires lumpsome amounts of money to provide for its population and finance its numerous activities hence taxes must still be considered as an important source of the government’s existence. ...Download file to see next pagesRead More
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