
This is an article about small firms and unemployment. There are different types of unemployment such as seasonal, frictional, structural. If i was in charge of the economy i would reduce unemployment by raising government spending, dropping interest rates and dropping taxes. The problem with dropping interest rates is that interest rates in the UK are controlled by Bank of England. An easy approach is to think of monetary policy, fiscial policy and supply side policy.
Monetary policy is controlling the money supply by using interest rates.
Fiscal policy is Gin & Tonic (Government and Taxation).
Supply side policies uses investment, training and tax cuts.
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