The recession can be defined as the decrease of the GDP in two successive quarters. The recession brings with it general imbalances in the economy and the components of the economy suffers. The consequences of the…
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The causes of the recession in general cannot be determined but the onus falls on the administration and the financial system of the economy. (Recession, n.d.) The recession in the latter half of 2000 was severe and the effects were visible in various economies of the world. The focal point of the recession of the 2008-09 was on the USA and it soon spread to the different corners of the globe. The main reason for the recession can be attributed to the housing sector of the USA and the inability of the financial system of the USA to tackle the problem. The components of the financial system like the banks and the financial companies were many ways responsible for the origin of the recession. USA, being one of the financial epicenters of the world, had a control over the global financial system. Therefore, the effects of the recession were visible in many parts of the world and the companies were cutting their manpower to cut the costs. The global economy suffered and the Governments of the various countries had to take severe measures to counter the effects of the recession. UK being another nerve center of the global financial world faced the severe effects of recession. Another cause for the recession in the UK was that the economy of the country was dependent on the economy of the US and after the globalization of the economy companies of the other countries started to function in the UK. The Government had to put some efforts and it had to renew the policies to control the effects of the recession. The paper will explore the issue recession in the UK with special emphasis on the impact of measures undertaken by the government to tackle the recession.
As discussed in the earlier part the origin of the global recession was the USA and the reasons for the recession can be attributed to the failures of the banks and the financial companies. The sector, which contributed to the
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Businesses are affected by the economic situations in their respective location. Every country faces economic problems of inflation, allocation of the scarce resources, unemployment and how to make the economy blossom. Howe this economic problems are solved depends on the kind of economic system that is practiced in that particular economy.
Net migration in the United Kingdom is increasing this can be explained by decreased emigration but not by increased immigration. Estimated net long-term immigrating to the UK is estimated to be around 226,000 as at June 2010. Which is lower compared to the previous year June 2009.
These words were extracted from the final report of the United Kingdom’s Independent Commission on Banking published on September 12, 2011. The report focused on activities for a proposal to ring-fence the banking system within the United Kingdom. To summarize the term “ring-fencing” (Moe, 2011), the proposed UK banks will enclose their retail operations as legally separate entities that are well funded and can operate independently of the rest of the financial group.
“The tax would impact financial transactions between financial institutions charging 0.1% against the exchange of shares and bonds and 0.01% across derivative contracts”1. However, the proposed tax system will not have an impact on citizens and businesses.
According to historical documentation of trade unions and the regulation of industrial relations, the late nineteenth century and the early twentieth century saw the legislation of laws that allowed trade unions to exercise full authority in determining the relation between industries and their employees (Smith and Moreton, 2001:121).
According to Corporate Watch, the supermarkets concept was introduced in the market as a store that allows the customers wide range of selection options for their groceries, foods, beverages and other such accessories and provide them the convenience of doing all their shopping from one single store (2).
PESTEL analysis of the automotive industry in United Kingdom
The essay thus elaborates the macro economic factors which will affect the business of Ford in UK. 1. PESTEL ANALYSIS PESTEL Analysis is a “strategic planning technique that provides a useful framework for analysing the environmental pressures on a team or an organisation” (Leontiades, 2005).
The first category of demand imposes a heavy psychological impact on the prevailing housing supply constraints. The second factor of local immigrants coming in to the cities and occupying houses on the fringe of urban centers has contributed in an equally large amount to the problem (O'Connell, 2002.
An overall deceleration of economic activities and business cycle reductions are defined as recession in economic terms. However, no standard definition exists but generally, a period of falling economic activity is characterized as recession.
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