More about Matt Cullum’s marketing blog.
The economy is the biggest and most fundamental system in any government, without it, society wouldn’t be able to advance or progress. Infrastructure, transport, retail and goods services, these are just some of the most important sectors we all have come to rely on within our society. Every business big or small within society all contribute to the working order of the economy, money paid through services being transferred between consumer and business all get pumped back into the economy through the taxing system.
Through our collective taxes, the government is then in charge of using that capital to spend in areas within society that make our lives easier. Healthcare is one of the major elements consistently relied upon, without our taxes, our universal healthcare system which people rely upon on a daily basis, would crumble. Small business in a society are the backbone of any economy, through consistent daily trade, the economy remains a well-oiled machine. Technology now plays a huge part when it comes to the day to day running of any business, whether it be a tradesman or an office worker, we as a society have become totally dependent on technology, it makes our lives easier and simpler in everyday life.
Without a well-functioning economy, the quality of life that so many of us have come to expect would be heavily effected, leading to a much lower standard of living. The school system in our society ensures that each and every child and young adult are educated to a high standard, in order to give them the best chance of acquiring the best job possible. We are always conditioned and prepared to work, thus funding the economy. Matt Cullum states that recent impact of Covid-19 has had a huge impact on the current state of the economy in the UK, the chancellor has recently announced that the UK is entering its worst recession ever recorded in the UK. However, there is hope, the property market has seen a surge, a surge that was unexpected and wrongly predicted by experts, which has given investors and developers a massive boost of confidence.
Matthew Cullum expands on this by mentioning the recent injection of funds coming from overseas investors, to the tune of billions of pounds, This has single handedly driven the property sector further forward than first predicted. At this present time, there are a lot of concerned people within the UK who are worried due to the uncertain climate surrounding jobs and employment.
Let’s make something together.