UK POLICY

UK Policy

[Name of the Institute]UK Policy

Subject

Fiscal consolidation, which is likely to be a government priority over the forecast period, will constrain the ability of local governments to make further use of EU funds, (which they did surprisingly well during the global economic downturn). EU funds require co-financing from the state budget, and the need to reduce public spending to comply with EU fiscal requirements will put such co-financing under unrelenting pressure in the coming years, in turn depriving the poorer regions of the country of significant opportunities for development.

Descripition

The economic growth has decreased for the past couple of years. In year-on-year terms throughout the global economic downturn has increased. The country's macroeconomic imbalances were moderate when the international crisis hit the region in October 2008, and this gave policymakers valuable room for manoeuvre to offset the worst effects of the crisis. In addition, the relatively closed nature of the United Kingdom economy sheltered it from the most severe external effects of the crisis. The government decided to allow a sharp expansion of the budget deficit during the crisis. Consequently, in 2011-15 the economy may not be in as good a position to absorb macroeconomic shocks as it was in 2006-10.

Explanation

Apprenticeships

Every two minutes and 18 seconds, a public sector employee loses his job," he complained Dave Prentis, Unison spokesman. "We're talking about 625 new workers in the dole queue every day. It is clear that the government needs a plan for growth and recovery." In the absence of a week for Finance Minister George Osborne present the new budget, the latest figures from 2011 have revived the debate about the lack of policy outcomes cuts sponsored by Cameron. More than 28,000 Britons joined the list of unemployed in January this year, leaving the number of unemployed and 2,670,000, the highest since 1995. Even so, the percentage remains at 8.4%, two points below the euro zone. The situation is particularly worrying but among young people, with an unemployment rate of 22.5%. The cut in public spending has been felt especially in the education sector, with 70,000 jobs lost. Another 30,000 have been in the health sector. With cuts in 2011, the number of officials and public sector workers has fallen below six million for the first time in the last decade. Despite the uncertain signs of the economy, the Government refers to Cameron comparative data last December, when the private sector created 45,000 jobs (compared to a loss of 37,000 jobs in the public sector) as an example of relative "recovery "labor market.(empoweringschools.com).

However, on the other hand, the policies and guidelines will help people to improve their economic conditions which will increase the overall economic growth. It appears unlikely that the government will proceed with an extensive programme to reform the public finances. United Kingdom is therefore, likely to continue to have a sub- optimal policy mix, with a relatively relaxed budgetary policy having to be balanced by a tighter monetary policy (Auriol, pp: 38).

Business Environment Outlook

The country has coped ...