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Fiscal policy: Minimum wages in the UK

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Macroeconomic policy

Review of the UK economy in 2023

Steven Proud looks back at the economy in 2023, including how the cost-of-living crisis affected households around the country, and the policies introduced to tackle it

© Iakov Kalinin/stock.adobe.com

marginal tax rates, housing market, public finances, the role of central banks, inflation, fiscal policy

For over a decade after the global financial crash of 2007–09, the Bank of England (BoE) has maintained a loose monetary policy, with historically low interest rates, and quantitative easing as a way of supporting the economy, while attempting to maintain its target of achieving a 2% inflation rate.

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Fiscal policy: Minimum wages in the UK

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Macroeconomic policy

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