Role of Fiscal and Monetary Policy in the UK Economy

Business Management

Table of Contents
 Introduction
 Role of fiscal policy using the UK as an example
 Role of monetary policy using the UK as an example
 Impact of both policies on the economy
 Conclusion
 References

INTRODUCTION
Business environment can be simply defined as an arena wherein organisations
run their commercial activities for achieving predetermined aims and
objectives. This environs consists of different external forces which
commonly impacts entire performance of an enterprise. Some of the major
forces are globalisation, corporate social responsibility, technological
improvement etc.

Role of fiscal policy using the UK as an example
Fiscal policy refers to the use of government collected revenues specially from
taxes as well as expenditures in influencing the economic condition of a
nation. When legal bodies change the taxation level and amounts of current
expenditures, then a great impact would be seen at aggregate demand along
with the existed level of economical activities.