Macroeconomics: Policies and Recent Developments

Macroeconomics

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Recent development within 10 years...........................................................................................7
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
The concept of macroeconomics is related with the All the activities associated with increasing
the welfare within a country. Different government and administrative authorities are working
upon managing and controlling economic welfare as it will develop reputation of country across
the world. There are several situations in which it is considered that Macroeconomic policies of
the company helps it to grow and enhance the welfare provided two people (Adekunle and et,al.,
2020). There were some years and you gave her economy had fallen down and people have to
experience depression. Micro economy provides help in such kind of situations to manage the
situation in automatic way. There are some of the key points regarding macroeconomic policy
followed in UK. It includes a stable low inflation which manage is the virgin process in the
association of government inflation target that is basically 2% from the consumer price index.
There is requirement of improvement within the productivity goals as these are involved in the
real gross domestic product. The sustainability for keeping inflation manage is the increase of
environmental impact upon the growth and Productivity. There is requirement of proper
government finances which are related to national and state debts. By using macroeconomic
policies within UK there is opportunity for increasing living standards which are related to
poverty. It helps in reducing pensioner poverty as well as controlling child poverty.
MAIN BODY
Macroeconomic policies are developed in order to implement stability of price. There are
different objectives used by this policy for keeping the price at a normal position and manage
growth as well as development of national output. Unemployment is the major problem which is
faced by the country. That is why macroeconomic policies are made in such a manner that they
are helping in the improvement of employability (Blanchard and Summers, 2017). It
automatically manage is the improvement of economic welfare. These policies are developed for
managing high growth rate among the gross domestic profit. It reflects upon the development
and productivity of a country across the world. That is why macroeconomic policies are
developed in favour of increasing GDP. Some of the factors associated with economic
development consist of improved literacy, infrastructure, health standards and minimalizing the
reducing poverty. These are associated with managing the stoppage from diminishing the

policies and manage economic development. There are few regulations which are associated
with in market supply in such kind of policies. These are mentioned in the following paragraph:
There are several supply side policies that consist of privatisation, less regulation and
deregulation India association of lower taxes and private sector investment. Some of the welfare
benefits are managed within UK that provide different groups including education, personal and
social services, cash benefits and housing. Main objective of all these is to enhance the
productivity and manageability. The form in which UK is using the welfare is cash benefits. This
country provides benefits in the form of cash in which 10% of gross domestic product is
developed (Hanna, Khor and Ali, 2019). The main objective of cash benefit consists of the
development of three subgroups including National Insurance, non contributory benefits and
tested benefits. The concept behind National Insurance system is regarding social expenditure
that UK has to face while properly managing and controlling all the activities. On the other hand,
the concept of tested welfare is associated with providing welfare to people. The concept of non
contributory benefits are involved in the managing of tested benefits. There is major problem
within UK which is associated with lowered benefit level. It includes the presence of active
salary of person. There are healthcare organisations which are facing problem within UK for the
ineffective functioning. These are associated with organisation of National Health services.
These are involved in managing the medical facilities provided two people. Such type of system
are popular and relatively cost effective. In context of different countries, health standards
provided in UK are the most effective ones. It is famous for providing free services to people and
taking care of their health and well being. There are several organisations and you gave which
are prioritised for the providing of healthcare benefits.
Education in UK’s provided to all children of each tell 16. People who do well, are provided free
studies if they belong to lower class. Education is one of the most important factor on which UK
economy depends. The government and administration of this company provides plenty of
benefits in educating people. This country thinks that if people will be educated then they are
having more opportunities and possibilities to enhance successful life. It is concluded that British
education system is properly managed in order to provide the best services two people (Kim,
2020). There are local government, central government and professional interest support which is
provided in order to enhance the educational level. The local government is associated with
management of organisations associated with development of schools and infrastructure so that