The effects of a cut in interest rates on the current UK economy as a whole and on EaszJet plc.


Essay, 2009

6 Pages, Grade: 80% - First


Abstract or Introduction

On the base of the economic theory, it will be discussed what the influences of acut in interest rates are on the UK economy, the effects on the current financial situation and on easyJet plc.
The UK economy is facing a significant downturn. After the V.A.T. reduction failed the expected increase in consumer spending, the UK uses intermediaries of the Monetary Policy (MP) to stimulate the economy. On the March, 5th 2009, the Bank of England announced that they lower the bank rate paid to commercial banks from 1% to 0,5% to ensure that the inflation target of 2 % will be achieved. (www.bankofengland.co.uk) On the base of the economic theory it will be discussed what the influences of a cut in interest rates are on the UK economy, the effects on the current financial situation and on easyJet plc.

Details

Title
The effects of a cut in interest rates on the current UK economy as a whole and on EaszJet plc.
College
Roehampton University London  (Roehampton University London, Southlands College)
Course
Economics
Grade
80% - First
Author
Year
2009
Pages
6
Catalog Number
V127763
ISBN (eBook)
9783640340866
ISBN (Book)
9783656874034
File size
430 KB
Language
English
Keywords
Interest rates, UK economy, Easy Jet plc., recession, Credit crisis, Monetary Policy, Fiscal Policy, Bank of England
Quote paper
Corinna Schmidt (Author), 2009, The effects of a cut in interest rates on the current UK economy as a whole and on EaszJet plc., Munich, GRIN Verlag, https://www.grin.com/document/127763

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