Fiscal Policy and Monetary Policy of the UK

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.