Most developed nations of the world including US and UK are experiencing an economic meltdown causing serious economic problems for both the countries. The results of such an economic meltdown are serious because it not only affected the financial system, but it has been also serious hampered the economic growth…
UK's economy is experiencing slower growth as during 2007, it recorded a real GDP growth of 3.1% however, and the same has been recorded at 1.0% due to sharp increase in inflation. (Economist.com 2008). UK's inflation touched 3.8% in 2008 whereas its budget balance also widened to negative 3.8% suggesting the fact that all is not well for the UK economy.
Many critics believed that in order to arrest the rising inflationary trends in the country, the monetary authorities in the country shall increase interest rates whereas some believed that in order to reduce the impact of recession, UK's monetary authorities shall lower interest rates so that economy can be put on right track.
This paper will discuss both the options i.e. increasing or decreasing the interest rates to control inflation or avoid recession and will present a comprehensive analysis of both the options in order to provide a conclusive recommendation of which option to exercise.
The economy of UK is second largest economy in EU after Germany and fifth largest economy in the world. ...
The key economic indicators suggested improvement as UK economy thrived on increasing consumer spending however, due to increasing spending; UK economy witnessed growing increase in its consumer price index.
IMF, during 2007, revised its economic forecasts for the UK economy due to its improved performance and termed it "impressive" as during last five years i.e. 2003 to 2007, it recorded an average real growth rate of 2.8%. (BBC.com 2007). The economic growth however is mostly dominated by the service sector with major contribution being made by financial services, food chains, healthcare as well as real estate. Further, the Agriculture sector is also significantly contributing towards the GDP of the country as it meets almost 60% food demand of the country. (Economywatch.com 2008)
It is also however important to note that the performance of GBP Pound sterling is also declining over the past few years, mainly due to strong performance of Euro against major currencies and the fact that most of the trade within EU region is dominated by Euro.
The recent developments, especially in the later half of the year 2008 however suggest that all is not well with UK's economy as it is experiencing serious challenges ahead due to the spread of subprime mortgage crises originating from US.
The housing sector in UK thrived on the loose regulatory environment which allowed lenders to make lending into areas which were not considered as bankable under normal circumstances. UK also experienced the same economic bubble in its housing sector as not only the prices of the housing units dramatically increased but also the overall flow of credit to the housing sector increased too. This not only made bankers ...
Cite this document
(“Economic Performance of UK Coursework Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/291277-economic-performance-of-uk
(Economic Performance of UK Coursework Example | Topics and Well Written Essays - 1500 Words)
“Economic Performance of UK Coursework Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.net/miscellaneous/291277-economic-performance-of-uk.
This research aims to evaluate and present the concept of Corporate Governance and the main principles for UK Corporate Governance Code such as leadership, effectiveness, accountability, remuneration and relations with shareholders.For the purpose of this research work the two UK listed Companies that will be analyzed are Carillion Plc and Deutsche Bank.
They employ over 55,000 people and are the second largest stock market listed tobacco group in the world (British American Tobacco). According to their official website British American Tobacco mainly deal in products that utilize tobacco as their key ingredient.
It is also a member of the UN Security Council (which is an honour indeed). Other than this China is also actively involved in other major organizations too, for example the WTO, APEC, Shanghai Co-operation and the East Asia Summit. It is also a state which is nuclear based with a very large defence budget for the army, which happens to be the largest in the world.
People from different corners of the world have used this modern technology that enables them to defy the boundaries, geographically and culturally that exists for centuries.
One of the most used and popular forms of communication technology is the internet.
The researcher had chosen United Kingdom as a research target for this region or country is known for its high economy and fast technology. Demographic factors are also considered, for UK is a populated and civilized place. Almost all of its population are working in the Metro and hence, have their own mode of transportation, car.
Thus the energy and operational efficiency of the machines or equipment or even the treatment process design to meet the overall efficiency were not key areas in the planning and design of wastewater treatment plants. United kingdom have nearly 9000 sewage treatment plants with most of them still under the conventional systems of operations.
nance codes were developed on the basis of the Cadbury report and the Greenbury report during 1990’s and early 2000’s, these codes were not sufficient to prevent banking crisis in the UK. Therefore, it can be inferred that failure of corporate governance policies of banking
It employs over 7% of the working population of United Kingdom engaging them in different 80 types of services in the sector. The hospitality industry plays a crucial role in the economic and social development across UK.