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What recent development or event will majorly affect the economy?

Can you give some examples of recent events/developments that might affect the UK economy a lot?

Can you also outline how it might affect the economy?

Reply 1

IDK Tuition

Original post by Da Di Doo

Can you give some examples of recent events/developments that might affect the UK economy a lot?

Can you also outline how it might affect the economy?

If you're taking the AQA Unit 2 exam, the following contextual information is relevant and can be brought in as evaluation in your 25 mark question or as part of your conclusion:

-Interest rates are at record lows and cannot be lowered any further
-UK inflation is below the 2% target
-UK economic performance is amongst strongest in the developed world
-Unemployment continues to fall
-UK has a large budget deficit, though this is falling
-UK has a large trade deficit (low exports) with an economy heavily dependent on consumption

Including this context in your conclusion, this is an excellent way to differentiate your essay from other candidates.

Hope this helps,

Tom (IDK-tuition.com, free online economics videos and resources)