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

A description of the UK economy - Essay ExampleThe UK economy is currently doing well and cogency be begrudged by many emerging economies. It has high employment levels, minimal inflation rates and a good annual growth of 0.2%. however, if the government continues increase its expenditure, the UK might soon find itself in another self-imposed crisis. The UK government should realize that the real risk from increased government expenditure is the burden of hobby that has to be paid on the money borrowed to finance government activities. Though the government has the role of stimulating economic growth, it must use methods and/or policies that depart not conflict with some of its goals and/or objectives. Apparently, tax reduction might work in further improving the performance of the UK economy but much(prenominal) reductions must not be at the expense of government revenues. Vast as it is, the UK government requires lumpsome amounts of money to provide for its population and finan ce its numerous activities whence taxes must still be considered as an important source of the governments existence.