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 also represents the strongest quarterly growth rate since 2007 (Office for National Statistics, 2012). Although the unemployment rate is still above seven percent overall which is still high, it has made substantial gains since the recession. Much of the employment activity though seems to be driven by the public sector which is the fastest growing sector in the economy.
Figure 1 - Unemployment Rate (Office for National Statistics, 2012)
Inflation
The inflation indicator used in the UK is called the Consumer Prices Index (CPI) and is determined by price movements of a lot of different items that consumer typically purchase on a regular basis. The CPI remained unchanged for three months in a row and showed that prices increased by an overall amount of 2.7% in the year ending December 2012 (Office for National Statistics, 2013). There is a special indicator that is focused on retail items that increased by a little over three percent which is significantly higher than the average rate of inflation....
Economics UK Economy 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 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
Carrabine, Lee and South 193) Industrial/Infrastructural Decline As has been said before, the UK no longer makes anything, builds anything or sells anything tangible. The decline in industrial production has resulted in an overall decline in employment of industrial workers, who have not been aided by a failing system to transition to other work. Some would say that the changes occurring in the UK, at this time with the increased importance of service
Political, Legal, Economic Risk Analysis Spain is the eighth biggest industrialized economy in the Organization for Economic Cooperation and Development -- OECD and the fifth biggest nation within the EU as regards population, output and production. Spain has undergone a remarkable change since the last thirty years. Progressing from a somewhat a poor agrarian economy, it has witnessed speedy economic progress and is presently a modern, fully industrialized nation. Since the
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
6% holding in Lloyds following huge losses at both during the credit crisis" (Gupta. S. March 16, 2011) point to the need for stronger regulation of the financial sector. The UK banking system which is one of the most successful and innovative in the world must continue to have autonomy in its operations. Over regulation will only stifle an industry which is a key to the return of a strong
UK Mental Health Policy Mental healthcare service delivery in the UK has been subjected to a series of significant imperative policy in the last few decades, and number of people suffering from mental illness is on the increase. Recent statistics reveal that one out of four people in the UK has been diagnosed of mental problem. (Mental Health Foundation, 2013, Singleton, Bumpstead, O'Brien et al. Meltzer 2001). Although, mental disorders are
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