From recession to economic growth in the UK 'business). The recession has affected every sector, from the financial sector, which is one of the largest in the UK, to retail, where unemployment and bankruptcies have increased. The United Kingdom has experienced the longest period of economic growth since 1992. Despite its economic wealth, the country has faced crisis. The deepest and longest recession since World War II, which began in 2008, when gross domestic product fell 1.5% in the final quarter of the year after a 0.6% decline in the quarter precedent, as well as the standard of living and consumer confidence. . This happened mainly because of rising interest rates which caused house prices to fall by 20% each year, because people could not afford to pay their mortgages, from the fall of the manufacturing sector mainly because of foreign competitors, for example in Asia, and low savings. interest rates and a drop in people's income. Crisis is a slang term for a period of poor performance or inactivity in an economy, market or industry. In economic terms, a crisis refers specifically to a recession, signaling a slowdown in business activity. » [http://www.investopedia.com/terms/s/slump.asp] Many businesses struggled to survive during the recession. because as people did not spend enough money during this time, businesses lost their profits, which led to losses. So they had to cut costs, make special offers and lower prices to attract more customers and make as much money as possible to pay. their bills and employees, for example Mark & Spencer, had to lower their prices in fashion and food due to cheaper competitors. But...... middle of paper ......ive because it has innovated its products and expanded its actions. All these companies have reached recovery, they are investing in fixed assets (machinery, real estate), increasing their profits and filling gaps in existing space capabilities to make even more money. However, this can lead to a shortage of labor with particular skills as well as increased costs. If the company wants to survive the future recession, it must settle and eliminate all its debts, submit regular financial reports, reduce its material and cost costs. labor cost by training their staff, improve the quality of products and services, pay attention to new and existing customers, offer new and different products of the highest quality, manage their businesses as efficiently as possible by analyzing the financial reporting and productivity and increase advertising budget.

Essay / From recession to economic growth in the UK 'business). The recession has affected every sector, from the financial sector, which is one of the largest in the UK, to retail, where unemployment and bankruptcies have increased. The United Kingdom has experienced the longest period of economic growth since 1992. Despite its economic wealth, the country has faced crisis. The deepest and longest recession since World War II, which began in 2008, when gross domestic product fell 1.5% in the final quarter of the year after a 0.6% decline in the quarter precedent, as well as the standard of living and consumer confidence. . This happened mainly because of rising interest rates which caused house prices to fall by 20% each year, because people could not afford to pay their mortgages, from the fall of the manufacturing sector mainly because of foreign competitors, for example in Asia, and low savings. interest rates and a drop in people's income. Crisis is a slang term for a period of poor performance or inactivity in an economy, market or industry. In economic terms, a crisis refers specifically to a recession, signaling a slowdown in business activity. » [http://www.investopedia.com/terms/s/slump.asp] Many businesses struggled to survive during the recession. because as people did not spend enough money during this time, businesses lost their profits, which led to losses. So they had to cut costs, make special offers and lower prices to attract more customers and make as much money as possible to pay. their bills and employees, for example Mark & Spencer, had to lower their prices in fashion and food due to cheaper competitors. But...... middle of paper ......ive because it has innovated its products and expanded its actions. All these companies have reached recovery, they are investing in fixed assets (machinery, real estate), increasing their profits and filling gaps in existing space capabilities to make even more money. However, this can lead to a shortage of labor with particular skills as well as increased costs. If the company wants to survive the future recession, it must settle and eliminate all its debts, submit regular financial reports, reduce its material and cost costs. labor cost by training their staff, improve the quality of products and services, pay attention to new and existing customers, offer new and different products of the highest quality, manage their businesses as efficiently as possible by analyzing the financial reporting and productivity and increase advertising budget.

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