United Kingdom Anti-crisis Alternative

Area of Science:

• Economics
• Socio-economic studies

Background:

• The British socio-economic model faces long-term sustainability challenges.
• The United Kingdom's conceptual role in the global order is examined.
• The COVID-19 pandemic significantly impacted the UK economy, causing a historic decline in production.

Purpose of the Study:

• To analyze factors ensuring the long-term sustainability of the British socio-economic model.
• To investigate the UK's role in global order formation.
• To assess the economic impact of COVID-19 and address chronic productivity decline.

Main Methods:

• Analysis of economic data and trends.
• Review of the Trade and Cooperation Agreement between the UK and the European Union.
• Examination of the sovereign money concept.

Main Results:

• Identified key factors for the sustainability of the British socio-economic model.
• Summarized reasons for the severe economic downturn post-COVID-19.
• Presented strategic approaches to tackle declining productivity in the UK labor market.

Conclusions:

• The UK's economic resilience is influenced by its global role and trade agreements.
• Addressing chronic productivity decline is crucial for long-term economic health.
• Sovereign money presents a potential framework for navigating modern economic crises.