British Economic Packages to Face Corona Repercussions

Summary

The paper seeks to analyze the situation of the British economy after exiting the European Union, how the country faced the negative effects of the Brexit, the negative effects of the coronavirus on the British economy, the economic policies that the state used to confront these repercussions, and their compatibility with the pillars of the capitalist system and globalization. The paper also addresses the role of UK’s central bank [Bank of England (BoE)], in addition to generality and inclusiveness of these policies, and how fat they may prevent further poverty and unemployment there.