Nobody downloaded yet

Current Financial and Economic Situation in the UK - Statistics Project Example

Comments (0) Cite this document
This paper “Current Financial and Economic Situation in the UK” summarizes that after the Thatcher crisis the UK economy has recovered, although it is experiencing a budget deficit and high inflation. Experts recommend avoiding external borrowing and control of monetary and fiscal policies. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
Current Financial and Economic Situation in the UK
Read TextPreview

Extract of sample "Current Financial and Economic Situation in the UK"

Download file to see previous pages A decade after the “Thatcher’s economic miracle”, the United Kingdom is considered as one of the most advanced and developed countries around the world. As of December 2007, the United Kingdom stands the 5th largest in the world market in terms of its exchange rate and the 3rd in terms of its purchasing power parity (PPP) (Finfacts Team, 2007).
Despite being one of the world’s strongest countries in the world economy, the British government made a confirmation that the UK economy is in the recession because of the recent global financial crisis (BBC News, 2009a). Although the United Kingdom has been capable of maintaining a low level of inflation, interest, and unemployment rates for many years; the trend behind these economic indicators show signs of increase since the first quarter of the year 2008 (BBC News, 2009b; National Statistics, 2009a, 2009b).
Despite the strength of the British economy, the International Monetary Fund (IMF) has recently warned the public of the possibility that the overall economic condition in the UK can be negatively affected because of the global financial crisis combined with the continuously increasing commodity prices (Tang, 2008). A large number of the UK private banking sector has been negatively affected by the U.S. economic crisis (, 2008). Because of the monetary problems related to the growing imbalances in domestic and fiscal money borrowing and lending, the entire British economy is likely to suffer the consequences.
To determine whether or not the British government and the Bank of England have been successful in running the British economy, evidence pertaining to the degree wherein the British government and the Bank of England failed to run the British economy successfully will be identified and thoroughly discussed. The effectiveness of the fiscal policy will be analyzed in terms of its ability to address the recent problems of the British economy. As part of analyzing the fiscal policy, employment and unemployment rate, gross domestic product (GDP), and budget deficit during the past twenty years will be carefully examined. Likewise, the success of the Bank of England in terms of running the British economy will be criticized. As part of analyzing the subject matter, the historical trend behind the exchange rate and inflation rate during the past twenty years will be identified. Based on the gathered information, the monetary policy used to address financial crisis thoroughly examined.
As part of the conclusion, whether or not the British government and the Bank of England have been successful in running the British economy will be answered followed by providing some recommended solutions that can improve the British economy despite the global financial crisis many countries are facing today. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(Current Financial and Economic Situation in the UK Statistics Project, n.d.)
Current Financial and Economic Situation in the UK Statistics Project. Retrieved from
(Current Financial and Economic Situation in the UK Statistics Project)
Current Financial and Economic Situation in the UK Statistics Project.
“Current Financial and Economic Situation in the UK Statistics Project”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Current Financial and Economic Situation in the UK

The current macroeconomic situation

...?The United s Current Macroeconomic Situation Andrew Tilton , the Senior US and Canada Economist believes that America’s economy is getting stronger after the global financial crisis. He contends that core inflation would continue to be low for the following months and that increased interest rates will not hinder the full recovery. Stated otherwise, at this moment, US economy as a whole is strong. Tilton (2011) cited two main factors as the basis of this prediction. The first reason is the stronger private sector balance sheets in America. To note, before the financial crisis, America’s private sector was spending beyond what it can only spend (Tilton, 2011). This means...
2 Pages(500 words)Essay

Economic situation

...? Economic Situation Economic Situation Analyze the current economic situation in the U.S. as compared to five (5) years ago. Include interest rates, inflation, and unemployment in your analysis. Bureau of Economic Analysis (2013) notes that the United States economy is the largest in the world when measured in terms of purchasing power parity (GDP), which stood at 15.08 trillion dollars in 2011. Despite having the largest economy, the economy was hugely affected five years ago following the economic recession that occurred due to the financial crisis of 2007 and 2008....
3 Pages(750 words)Essay

Current and Future Financial Situation in Dubai

...Dubai - Retrenchment or Rebirth The question at hand is where does Dubai go from here. Since the beginning of the worldwide financial crisis in October of 2008 Dubai has seen severe consequential effects in every sector of its economic political and social life. Many believe that these effects will continue to negatively impact to buy and are quite pessimistic about its future prospects. Yet many are still quite upbeat about the prospects for Dubai in the coming years. What is the truth to the question of where does Dubai go from here Prior to 1966 Dubai was primarily known as a hub for trade and earlier as a center for the pearling industry in the Gulf. In 1966 however the discovery of oil in Dubai...
18 Pages(4500 words)Essay

The current economic situation of UK

...for plausible asset allocation along with the recommendations for the future course of action that may be taken. Current economic situation The current economic situation of UK is relatively more unstable owing to the financial meltdown that occurred during 2007. The overall situation is not considered as healthy as the estimates indicate that the UK’s economy will grow at a very sluggish rate as IMF’s forecasts indicate that the UK’s economy is its worst after 1930s. During 2009, UK’s economy experienced a growth rate of just 0.1%1...
8 Pages(2000 words)Essay

Current Economic Situation

...Spatial Fix and the Economic Model of Life in the Aftermath of the Current Crisis of School Every crisis in the USA brings along a new social and economic lifestyle. After the Great Depression, the US economy developed its manufacturing industry, creating a rise in suburbs. However, the current crisis favors ideas; creating a rise in highly flexible, diverse and creative labor force, demanding a dominance of a new social class and new spatial fixes or so called geographic centers. According to Florida (2009), the USA has undergone crucial economic and social transformations with each economic crisis. The technological improvements and...
1 Pages(250 words)Essay

Current macroeconomic situation

...Current Macroeconomic Situation Task Introduction Over the few years, the macroeconomic situation has not been at its best owing to the recession that hit the US. Although, the situation has commenced a recovery from the most disastrous period in the financial system of the US not much improvement has been evident. The prevailing microeconomic situation has become evident in most indicators of the economy bringing shocking news to the economists and the public in general. The unemployment has disastrously plummeted from the initial levels in a rate that most people never expected. Despite the augmenting economic...
2 Pages(500 words)Essay

Current Macroeconomic Situation

... and the current lending rates of banks are low. References (2012). U.S Economy at a Glance: Perspective from the BEA Accounts. Retrieved April 8, 2012 from (2012). Labor Force Statistics form the Current Population Survey. Bureau of Labor Statistics. Retrieved April 8, 2012 from (2012). United States – Macroeconomic Data. Retrieved April 8, 2012 from (2012). United States Balance of Trade. Retrieved April 8, 2012 from United s is the largest economy in the world. In the gross domestic product of the Unites...
2 Pages(500 words)Research Paper

Current macroeconomic situation

...Current Macroeconomic Situation Current Macroeconomic Situation United s of America’s macroeconomic situation is a debatable subject worldwide. The economy in question has been on recession for the past few years and we can say it is on the recovery path. Despite this (recession) the US economy remains on top of the list in the leading economies of the world. The USA government’s intervention saved the situation that could have otherwise worsened. Unemployment rate is at its topmost. Insufficient or lack of jobs implies that the consumer confidence alongside the sentiment of businesses is at risk. This is a menace to an economy. As much as the United States government is striving hard to curb recession, it is also trying to solve... ...
2 Pages(500 words)Assignment

Current Political Economic Situation of HK

...of Unit Current Situation of Hong Kong Introduction Hong Kongs economy is characterized by minimum government involvement, low taxation, and free trade. It is the eighth biggest economy trading with mainland China. It has a key service-oriented economy linked particularly to mainland China and other countries in Asia-Pacific region (Chen and Andrew, 2011). In 2013, Hong Kong recorded an economy growth of 2.9 percent. The economic growth was 2.2 percent as compared with the same period in 2013. Private consumption spending dropped to 1.4 percent year-on-year. Investment expenditure, which include equipment and machinery acquisition weaken to 1.5 percent year-on-year. Total exports of...
18 Pages(4500 words)Research Paper

Economic Situation In Slovenia Post Financial Crisis

...ECONOMIC SITUATION IN SLOVENIA POST FINANCIAL CRISIS Executive Summary Slovenia, a member of OECD experienced a serious decline in its economic growth and unemployment followed by fiscal austerity programs undertaken by its government to recover from the crisis of 2008. Such steps were taken in view of the outstanding debt burden, excessive credit growth and low risk assessment in the economy. This paper highlights the effects of fiscal austerity measures on the Slovenia economy in the context of macroeconomic models of Keynesian Cross and AD-AS and IS LM framework. The estimation of multiplier effect provides the cause of such economic slowdown (fall in...
12 Pages(3000 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Statistics Project on topic Current Financial and Economic Situation in the UK for FREE!

Contact Us