A description of the UK economy Essay Example | Topics and Well Written Essays - 1500 words

A description of the UK economy - assay ExampleThe UK economy is currently doing well and might be begrudged by many emerging economies. It has laid-back employment levels, minimal inflation rates and a good annual growth of 0.2%. however, if the government continues change magnitude its expenditure, the UK might soon find itself in another self-imposed crisis. The UK government should realize that the real attempt from increased government expenditure is the burden of interest that has to be paid on the money borrowed to pay government activities. Though the government has the role of stimulating economic growth, it must use methods and/or policies that ordain not conflict with some of its goals and/or objectives. Apparently, tax reduction might work in barely improving the performance of the UK economy but such reductions must not be at the outgo of government revenues. Vast as it is, the UK government requires lumpsome amounts of money to provide for its population and fin ance its numerous activities thus taxes must still be considered as an important source of the governments existence.