We Need To Kick-Start this Economy Now

The United Kingdom is one of the most successful business markets in the world as it has extremely favorable conditions for economic and business growth and certainly has been earning well over the public’s expectations. It is a fact that the industry in the country would have crossed many new thresholds had the economy kept growing at a pace at which it was growing during the first half of the previous decade and went on to grow until 2008. But as the recession struck the entire business world, it suddenly changed the face of the economy in the UK as well. 

Ever since then the economy has been facing tough times and though the situation went normal during the mid of 2011 and has been improving since then yet the overall economic conditions of the country are not up to the mark. The main reason behind this extremely slow recovery is to some extent internal as well but the main hurdle in the quick growth of the country is the slow standstill situation in the other European countries. The biggest partners of the United Kingdom in terms of business are the countries in the Eurozone and they haven’t been performing as fine as they should have been.

Some of the countries are even at the verge of economic collapse which has hurt the economy in the UK as well and as a result the labour in the country is not getting re-employed and the vicious circle of poverty is not being broken. The only way out is funding of the businesses at a very vast level. It does not need to be a huge amount, but a reasonable amount that needs to be distributed among a lot of medium and small sized businesses. This will allow these businesses some breathing space and that will be the key to recovery in the days to come.

The big factories and multinationals that need huge amounts to run their businesses cannot be funded right now because the banks and the governments don’t have that much money. They must focus on small businesses that can at least generate some revenue for the country and the common public and these employed people will gradually be able to fund the bigger businesses in a macro economy. The economy has gone through a bad time and instead of waiting for some miracle to happen we all must go back to basics and start this all over again. It certainly won’t take this long this time but we must start to act now.