The economic characteristics of Britain

1, adhere to the austerity policy based on monetarism, and formulate and implement the medium-term fiscal strategy.

2, relax government control, emphasize market mechanism, encourage free competition, in order to mobilize the enthusiasm of production and investment.

3. Stimulate investment and consumption by implementing measures such as tax reduction. Actively introduce foreign capital.

4. Privatize state-owned enterprises in a planned and step-by-step manner.

5. Reform the welfare system. Cutting welfare allowance and abolishing some welfare institutions have saved a lot of welfare expenditure for the government.

Extended data:

Britain is one of the world's economic powers and the fourth largest trading country. Among them, commerce, finance and insurance in Britain have developed rapidly. Tourism also plays an important role in the British economic system.

In recent years, although the British economy has basically walked out of the swamp of financial crisis, the pace of economic recovery is very heavy, and the subsequent economic momentum is obviously insufficient.

The financial industry is the main force in Britain's trade balance, and its output value accounts for more than 5% of GDP. The number of people engaged in this industry exceeds 65.438+0 million, with a record output value of 65.438+03.2 billion pounds.

Britain mainly exports automobiles, aviation equipment, chemical products and petroleum. In addition, Britain mainly imports raw materials and food.

Among them, London is the financial and trade center of the world. London is mainly engaged in transnational bank loans, foreign exchange transactions, international bond issuance and fund investment. In addition, London also has the largest spot gold trading market and non-precious metal trading center.

In recent years, the British economy is in a moderate upward trend.

Britain's overall economic growth has gradually improved, showing a stronger and more balanced performance. Among them, the main driving force of British economic growth is still the service industry. At present, the industry is developing rapidly, and many investors are also very optimistic about Britain's economic prospects. Foreign investors invest in many fields in Britain, such as automobiles, communications, information, electronics, medical equipment, financial services, food and beverages.

References:

Baidu Encyclopedia-British Economy

References:

Baidu Encyclopedia-As the uncertainty of Britain's exit from the EU increases, the British economy continues to be under pressure.

References:

Phoenix Finance-The British economy will experience a long winter.