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  • September 2014 (Revised May 2015)
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The United Kingdom and the Means to Prosperity

By: Laura Alfaro, Lakshmi Iyer and Hilary White
  • Format:Print
  • | Language:English
  • | Pages:28
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Abstract

After struggling through the country's longest recession since 2008, the U.K. was expected to grow faster than any other G7 nation in 2014. Analysts wondered whether the return to growth was because, or in spite of, Prime Minister David Cameron's controversial £113 billion austerity plan introduced in 2010. Despite the positive upturn in the economy, U.K. policymakers still faced challenges with rapidly rising income inequality, an economy dominated by the financial sector, a possible housing bubble, and an approaching referendum on Scotland's independence. Moreover, many claimed the U.K. was at risk of secular stagnation, a slowdown in economic growth caused by a structural deficiency in demand. What could the government do to put the country on a sustained and balanced growth trajectory?

Keywords

United Kingdom; Keynesian Multiplier; Inflation; Inflation Targeting; Government Spending; Government Intervention In The Markets; Monetary Policy; Financial Crisis Management; Austerity; Inequality; Public Finance; Government Finance; Macroeconomics; Economics; Government and Politics; Inflation and Deflation; Financial Crisis; Economic Slowdown and Stagnation; Economic Growth; Business Cycles; Welfare; United Kingdom

Citation

Alfaro, Laura, Lakshmi Iyer, and Hilary White. "The United Kingdom and the Means to Prosperity." Harvard Business School Case 715-008, September 2014. (Revised May 2015.)
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About The Author

Laura Alfaro

General Management
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Related Work

    • September 2014 (Revised May 2015)
    • Faculty Research

    The United Kingdom and the Means to Prosperity

    By: Laura Alfaro, Lakshmi Iyer and Hilary White
    • May 2015
    • Faculty Research

    The United Kingdom and the Means to Prosperity

    By: Laura Alfaro, Lakshmi Iyer and Hilary White
Related Work
  • The United Kingdom and the Means to Prosperity By: Laura Alfaro, Lakshmi Iyer and Hilary White
  • The United Kingdom and the Means to Prosperity By: Laura Alfaro, Lakshmi Iyer and Hilary White
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