IDK EXAM TECHNIQUE: AQA ECON2 Q4- CONTEXTUAL INFORMATION ON UK ECONOMY

This refers to the economic climate in summer 2015. The following contextual points can be used in your conclusion (or elsewhere) in your 25 mark question to evaluate the significance of certain policy measures i.e if talking about the expansionary monetary policy, you could reference the first bullet point. 

-Interest rates are at record lows and cannot be lowered any further
-UK inflation is below the 2% target
-UK economic performance is amongst strongest in the developed world
-Unemployment continues to fall
-UK has a large budget deficit, though this is falling
-UK has a large trade deficit (low exports) with an economy heavily dependent on consumption