REPORT on economic impact on Uk of some domestic and global events

CBE ASSIGNMENT TEMPLATE

Executive Summary

(Present a summary of the whole work. This is not included in wordcount)

Table of Contents

1. Introduction – (150 words)

(Present an introduction to the report. Explain what the report will be about and its purpose)

2. Discussion and Analysis

2.1. Impact of COVID-19 on the UK’s Economy – (500 words)

(Explain using the circular flow of income. Then you can mention other factors like unemployment, collapsing of businesses, increasing national debt among others)

2.2. Economic Impacts of the War in Ukraine on the UK

(Just select and explain three factors)

2.2.1. UK-Russia Trade

2.2.2. Global Gas Prices

2.2.3. Inflation

2.2.4. Slow Economic Growth

2.2.5. Unemployment

2.2.6. Shortage of staple food

2.3. Major Recommended Economic Responses of the UK’s Government and their Implications – (1000 words - Select any 4 factors and explain their implications on the UK’s economy)

2.3.1. Increase in Country’s Gas Production

2.3.2. A Cut or Suspension of Import Duties on Crude Oil

2.3.3. Increment of Universal Credit

2.3.4. Reduction of National Insurance

2.3.5. Increase Public Spending

2.3.6. Introduce Small Business Support Schemes

2.4. Major Responses of the Bank of England and Their Implications to the UK’s Economy

(500 words - Select any 2 factors and explain their implications on the UK’s economy)

2.4.1. Increase Interest Rate

2.4.2. Increase Service Charges to Banks

2.4.3. Increase the Reserve-Ratio for Banks

2.4.4. Sustenance of Government Bonds

3. Conclusion (150 words)

4. Recommendations (200 words)

(Provide recommendations to the government on the challenges of implementing these economic proposals you have made)

5. References

(Provide at least 20 References)