1. The state of the UK economy 2003
Their reason for doing this is due to the increase in consumer spending which has resulted in an increase in prices, i.e. house prices. ... The most successful way to do this is by increasing the interest rates. ... Another reason for increasing taxes is to discourage imports and encourage exports. ... This slow increase or upturn can be indicated by the upturn in consumer spending which has prompted recent increases in interest rates by the Bank of England to prevent increased inflation laid down in targets set by the government To conclude in part it can be said that the UK economy is ...
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