Smes in Uk

2.ENVIRONMENTAL CHALLENGES FOR SMES IN THE UK 2.1Economy According to the British Prime attend David Cameron (2011) the frugality in the United Kingdom is facing pregnant difficulties correct though they decided to not participate in the Euro, then to maintain the British Sterling as currency. Nevertheless, as extremity of the European Union (EU), the United Kingdom benefits from the set agglomerate movement of people, goods and capital and is counted as 6th largest delivery in the world with a GDP of US $2.172 billion in 2010 ( deliverancewatch 2010). Although the British economy grew by 0.5% during the last quarter in 2011 (Economist 2011d), prospect figures for the fourth quarter are fairly subvert due to the fact that the UK is the slowest growing economy in G7 with an alarming unemployment rate of 7.8%. Economywatch (2011) investigated that the main reason for the still circulating(prenominal) economical problems after the financial crisis and the recessio n in 2008 would be the recent introduction of an austerity plan containing measures to reduce the ledger debt level through tax increases and a cutting of kind-heartedness spending.

On the one hand, politicians and responsible persons are referring to assumed long-run benefits, but on the other hand the British economy is confronted with the 2nd highest raft deficit in the world, a get by gap which is still growing and high inflation blow over judgment are the consequence. In order to revive Britains economy and to escape the anxiety ab come send a double-dip recession , Cameron (2011) pointed out three major aims to make believe in the near future: confronting their debt! s, strengthening the competitiveness of the economy and unlocking global trade to chiefly build a saucily and better economy. 2.2Financial particular Euro Crisis The United Kingdom is more convoluted in the euro crisis than they had expected. In detail, the total value of loans British banks piddle allocated to businesses, banks and public treasuries in Ireland, Spain, Portugal, Italy and...If you want to get a to the full essay, order it on our website: BestEssayCheap.com

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