scholarly journals Efficacy of Policy Response to the Financial and Economic Crisis: A Case Study of the United Kingdom

Author(s):  
Kazeem Salaam

<p><em>This piece of work seeks to perform detailed review and analysis of those factors that precipitated global financial and economic crises in 2008 with a focus on the United Kingdom economy. Impacts of the crises from both micro and macro economy perspectives are also analysed in conjunction with the sudden change in government policies from less rigid fiscal prudence, price stability, unsupportive employment policies as well as weak financial services supervision to unconventional stiff fiscal and monetary policies as well as hard core financial regulations with a primary aim to cleaning up the economic and the financial mess that characterised the meltdown. To finalise this work, it is concluded that efficiency of policy actions to address the economic menace to a large extent, helped British Economy to get out of the crisis despite that all the measures adopted were not considered to be perfect in its entirety. Other potential areas of study are also identified. </em></p>

Author(s):  
Kathryn Deane

The type of community music defined as an ‘active intervention’ can suggest a political, usually left-leaning, flavor to the practice. But the trajectory of the work in the United Kingdom over the last half-century suggests that government policies, rather than politics, have been the driver for the development of much community music work. Moreover, the practice adapts well to frequent changes in such policies. From an original stance of opposition to authority, through to a confidence in its own authoritativeness, the practice's instrumentality and focus on its participants have been key ingredients in helping community music in the United Kingdom to mature as a profession and continue to thrive.


2008 ◽  
Vol 204 ◽  
pp. 4-8 ◽  
Author(s):  
Martin Weale

The past few weeks have seen an intensification of the banking crisis in the United States, with the near failure of Bear Sterns, although some commentators hopefully say that the worst has now passed. In the United Kingdom the gap between the Bank Rate and money market rates has re-opened and is described as indicative of a reluctance of banks to lend to each other. In this commentary we seek to explain the fundamental factors behind recent developments in UK lending markets. We begin by describing the recent experience of the financial services industry in the United Kingdom and putting the crisis, which has been described as the worst since the Second World War, into some sort of perspective.


Author(s):  
Carlo A. Ferlisi ◽  
Clément-François Mazzini ◽  
Eric Laurendeau ◽  
Danny R. Ramasawmy ◽  
Andrea Da Ronch ◽  
...  

1996 ◽  
Vol 34 (3-4) ◽  
pp. 507-515 ◽  
Author(s):  
Michael Anderson ◽  
R. Glynn Skerratt ◽  
Julian P. Thomas ◽  
Stephen D. Clay

Earlier work at Staffordshire University revealed encouraging results when sewage sludge ash from a fluidised bed incinerator was added to a series of common commercial brickclays used in the United Kingdom. The results of this work led a United Kingdom brick manufacturer to the identification of this material as a possible replacement for the sand addition to the bricks produced at one of their factories. As a result, an experimental programme was formulated at Staffordshire University's Ceramic Technology Laboratory which used the factory's current mix-design as a control standard against a mix-design in which the sand component was replaced weight-for-weight with sewage sludge ash. Comparative bodies were fabricated and both laboratory and factory firings undertaken. Physical testing results have revealed that the experimental mix-design containing the sewage sludge ash contributes positively to the ceramic properties of the control product in both the unfired and fired condition. Moreover, the fired colour of this experimental product has also been found to be indistinguishable from the control.


Author(s):  
Emmanouil Karakostas

The financial sector is a very basic pillar of the international financial system. Almost all countries of the present international economic system participate in international financial services. Today's era, due to intense globalization, constant capital movements, continuous commercial integration and the ever-increasing financial interconnection, have made financial and insurance services an essential element of the present reality. The financial sector is an industry that is very 'sensitive' to the macroeconomic and political stability of countries. This means that countries that are considered unstable cannot have a positive impact on their financial activities. One country that has a strong position in the financial sector is the United Kingdom (UK). The question that can be asked is this: what are the factors that determine the optimal functioning of financial and insurance activities. One answer could be the strong financial institutions of a country. Another answer is the corruption indicator. Or even the existence of intervention by the state apparatus in the financial functions. Of course, these factors must have tangible proof of the functioning of the economy. State intervention, for example, does not entirely mean that it is dysfunctional. This study will seek to create a framework for the analysis of financial services factors. The methodology applied is The Multiple Linear Regression - Ordinary Least Squares (OLS).


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