TABLE OF CONTENTS 1. INTRODUCTION – 150 WORDS 2. DICUSSION AND ANALYSIS 2.1.Im

TABLE OF CONTENTS
1. INTRODUCTION – 150 WORDS
2. DICUSSION AND ANALYSIS
2.1.Impact of COVID-19 on the UK’s economy- 500 words
(Explain using the circular flow of income. Then you can mention other factors like unemployment, collapsing of businesses, increasing national debt among others)
2.2.Major Economic Responses of the UK’s
Govermment and their Implications-(1000words-Select any 4 factors and explain their implications on the Uk’s economy)
2.2.1.Bounce Bank Loans
2.2.2 Furlough Scheme
2.2.3.Increment of Universal Credit
2.2.4.Eat Out Help Out Scheme
2.2.5.Tax Payment Referrals
2.2.7. Job Retention Scheme
2.2.8. Kickstart Scheme
2.2.9. Self-Employment Income Support Scheme
2.2.10. Mortgage Holidays
2.3.Major Responses of the Bank of England and Their Implications to the UK’s Economy
(500 words- Select any 2 factors and explain their implications on the UK’s economy)
2.3.1.Reduced Interest Rate
2.3.2.Reduces Service Charges to Banks
2.3.3. Sustenance of Government Bonds
2.4.What are the likely impacts of Brexit on thre UK’s economy?
2.4.1.Immediate Impact (250 words)
2.4.2Future Impact (250 words)
3. Conclusion 150 words