Economics The global economy is highly intertwined and when on area of the world is experiencing economic difficulties this can have effects for the rest of the world. However, since the recession, the UK has made slow but steady progress in lowering the unemployment rate. Much of this has been through fiscal stimulus.
An analysis of the latest figures for key economic indicators and the factors which have affected these indicators. This should include the figures for unemployment, inflation and economic growth.
The unemployment rate is a very important indicator of the overall health of the economy. Currently the unemployment rate is at 7.8% (Office for National Statistics, 2012). However, this figure does not affect the population equally. Different segments of the population have different employment rates. Furthermore, the unemployment rate does not include people that are not actively seeking employment. In the chart these people are considered to be "inactive." Another interesting item listed in the report is that the unemployment rate for the youth demographic was falling due to a record number of 16 to 24-year-olds being enrolled in some type of educational program.
Employment in the UK has suffered from recession. In 2008 there was a global recession in the United States that spread throughout the ...
Figure 1 - Employment Breakdown (Office for National Statistics, 2012)
The UK uses a consumer price index (CPI) as a measure of consumer price inflation. The CPI is based upon a basket of goods and services that people usually purchase. The basket is full of all kinds of different items that people generally consumer on a regular basis such as food, housing, and utility services. In December of 2012 the CPI was measured at 2.7% which was the same rate that the country experienced three months in a row. However, the prices for the items in the basket did not all stay the same; the just offset each other. For example, the price of gas and electricity bills rose while the price for airline travel rose at a much slower rate (Office for National Statistics, 2013).
Figure 2 - Consumer Price Indices December 2012 (Office for National Statistics, 2013)
A 2.7% inflation rate is fairly low. If the government choses some kind of monetary stimulus to help economic growth then this rate could rise substantially such as in 2010 and 2011. However, the government representatives must try to balance price inflation with other objectives. If the Bank of England injects cash into the economy by purchasing government bonds then the increase of cash in circulation often raises prices and this will be reflected in the CPI. People will have money to pay for goods and as a result prices generally rise through the laws of supply and demand. If there is more money in the supply then the demand will rise and suppliers will adjust their prices accordingly.
The UK economic growth index, index of production, shows some pretty negative figures relative…
The global economy is highly intertwined and when on area of the world is experiencing economic difficulties this can have effects for the rest of the world. However, since the recession, the UK has made slow but steady progress in lowering the unemployment rate. Much of this has been through fiscal stimulus.
Migration, Employment and UK Economy Point 1: Perception and Reality do not always align Duffy and Frere-Smith (2013) published their report on perception versus reality where immigration\'s impact on the UK labour market are concerned. The report highlighted several gaps between perception and reality, such as the composition of immigrants being largely asylum-seekers (most are students), and the fact that concerns about immigration have been rising recently. They also highlight that concerns
In favor of joining is the fact that the large eurozone will integrate the national financial markets, leading to higher efficiency in the allocation of capital in Europe. The Treasury's official assessment of its five economic tests acknowledged that EMU membership for the UK could enhance productivity by increasing trade flows between the UK and other EU nations; boost investment and stimulate competition in product markets. (Artis 2000) EMU may help
UK Assessment This report discusses the market attractiveness of the United Kingdom. In particular the report explores the attractiveness of the Vodka segment of the Spirits industry. The industry has experienced a tremendous amount of growth in recent years and is not the fastest growing segment of the industry. The industry also employs thousands of people in the UK. Our report found that most of the Vodka that is sold in
UK Government Restore the 50% Additional Rate of Income Tax? The United Kingdom has developed to become one the highest taxed nations across the globe despite impaired competitiveness and stifled economic growth. Unlike most OECD countries that have lessened their tax burdens since 1997, UK taxation has increased, which has resulted in reduced competitiveness of the country's position as a low tax regime. The other characteristics of UK taxation include
UK Economic Policy An analysis of the latest figures for key economic indicators and the factors which have affected these indicators. This should include the figures for unemployment, inflation and economic growth Unemployment Unemployment is one of the key economic indicators in the UK as well as in all modern nations. Unemployment in the UK rose for the fourth consecutive quarter in Q3 2012 with an increase of one hundred thousand people which
UK Business Cycle and Current Economy According to the basic tenets of the business cycle theory or model of economic trends, periods of high growth in GDP and rising prices (and wages) are followed by drops in economic activity as consumers/workers grow wary and spend less, producers start cutting back on supply and labor, and thus unemployment rises and consumers are able to spend less. As prices drop low enough and