In 2014, the U.K. was forecasted to expedite the growth than any other G7 nation since the 2008 recession. But many analysts wondered that the return to growth was whether because, or instead of, Prime Minister David Cameron’s austerity plan which he introduced in 2010 with a budget of £113 billion. However, in the presence of growing economy, the regulators of U.K. encountered various challenges with rising unequal distribution of wealth, an economy that mainly comprised of the financial sectors, a possible housing bubble, and an upcoming agreement on the independence of Scotland.
Although, various analysts concluded the country with high risk of secular stagnation, a turtle pace of growth in the economy, which was led by a lack of structures in demand. What could be the most appropriate course of actions for the country to put in place in order to increase the growth?
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