a ) How successful has the government and the Bank of England been in cart track the British economy over the last two eld (november 2006 - november 2008The entrust of England and the government has worked tirelessly to counter the threat of ceding back and ostentation particularly over the last two years . two oblige worked in tandem andintroduced a number of stinting policies to verify that the country does not become thetarget of the dreaded recession . The problems came about due to the sub-prime mortgageproblems which originated in the USA . Homes began to get repossessed as home-ownerswere unable to repay their mortgage arrears . This in turn was felt up by the UK economy and theBank of England was forced to tamper with interest rated to ensure that repossession trainswere kept reasonably low . In addition to this we have seen additional economic problems i .
ethe folding of Lehman brothers but the bank of England and the government has worked hard to soften the blow (Jones , 2007 ,pg 13The Bank of England has controlled the level of interest pass judgment it sets via the manipulation ofshort term interest rates and has taken extra care since the credit crunch kicked in 2 years agoThey have controlled the Monetary Policy committal (MPC . If the MPC thought that the convey was set to rise too fast , whence they would have increased the interest rate , but if theythought demand was growing at a slow rate , or maybe even possibly...If you want to get a profuse essay, order it on our website:
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