The Uk Government Uses Both Fiscal and Monetary - 3206 Words

The UK government uses both Fiscal and Monetary Policy in its control of the economy: Analysis and Discussion. ‘The Business Environment Report’ submitted to The College of Technology London. Submitted By : Max Pereira Enrolment No : 083799-84 Section : MEP 2 Email : max.pereira@stu.ctlondon.ac.uk Word Count : 3000 words Under the Guidance of Lecturer: George Olusoji 1. Abstract We are all aware of the present world crisis and the recession period in which United Kingdom is progressing. Any individual may be inquisitive about what the government of UK is doing in this case and how the government†¦show more content†¦In order to maintain the economic stability and growth the government uses two common strategic approaches towards management of the economy which are: 1: Fiscal policy: concentrating on stimulating the economy through changes in the government income and expenditure. 2: Monetary Policy, which influences the circular flow of income by changes in the supply of money and interest rates (Palmer and Hartley, 2006). 4. Methodology The methodology used to discuss and analyze the given topic would be Case study, which will act as a primary source of data. Yin (2003) recommended the use of case-study protocol as part of a carefully designed research project. He also added that case studies can be either single or multiple-case designs. Single cases are used to confirm or challenge a theory, or to represent a unique or extreme case. Uma Sekaran (2003) supports the justification for this methodology according to whom, case studies involve in-depth and background analyses of relatively similar situations within one environment and compare that of other. She also commented that case studies provide more of qualitative data rather than quantitative data. As the topic suggested, the environmental subject of the case study would be UK. It may be noted that UK was one of the few member nations which was invited to the G-20 meet held on 14-15 of November 2008. And since the G-20 is a forum that brings together important industrialShow MoreRelatedMonetary And Fiscal Policies And Weighing Up How Effective The Coalition Have Been Improving The British Economy1491 Words   |  6 PagesIn this essay I will be examining how the financial crisis in 2008 caused the UK government to change their aims and policies to aid recovery. 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