Fiscal Policy and Monetary Policy of the UK

DOI

10.2991/aebmr.k.220307.370How to use a DOI?

Keywords

UK; Fiscal policy; Monetary policy

Abstract

This article will describe the impact of British fiscal policy and monetary policy on the British economy. As an important trading entity, economic power, and financial center, the British economy is the sixth largest economic system in the world and one of the world’s richest, most economically developed countries with the highest standard of living. The country is deeply mired in the quagmire of Brexit, and the prospect of Brexit after more than three years is even more unpredictable. While the UK’s economic growth is showing a downward trend, the economy is facing multiple challenges such as Brexit, and future growth is expected to continue to decline. In this difficult situation, the British finance itself is not only facing the urgent problem of sustainable development that needs to be solved, but also needs to play an important role in stabilizing and regulating the economy. Among the major developed economies in the world, although the UK’s economic growth trend is good, the continued downward trend has not changed. In the face of major changes unseen in a century, global growth is declining, and the problem of anti-globalization has become prominent. The future growth of the United Kingdom is facing many challenges.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Ceyue Gao
AU  - Yimiao Que
PY  - 2022
DA  - 2022/03/26
TI  - Fiscal Policy and Monetary Policy of the UK
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2253
EP  - 2257
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.370
DO  - 10.2991/aebmr.k.220307.370
ID  - Gao2022
ER  -