Topic > Central Bank Essay - 2276

The UK government mainly uses 20% pensions because many people are retiring and the aging population is increasing every year. Healthcare is the second thing the government will dictate and the UK government will use £126.2 billion of public revenue. The main reason for this decision is that citizens have a longer life expectancy than in the past, when people live longer more health problems will arise, for example cancer, heart disease. The UK government also encourages people to give birth, so more babies need to be prepared, which means more injections. As children grow up they need to attend primary, secondary and university schools, so the government will invest 14% in education, hoping that when students become employees or entrepreneurs enter the market it will increase economic growth. However, a huge number of graduates who graduate from high school or college with the same level of education enter a narrow job area, more competitors compete with small amounts of opportunities, which increases the unemployment rate. Eventually the UK government increases welfare to £117 billion to support the unemployed by offering them some benefits to help them solve their daily life problems. These are the 4 main reasons why government spending increases every year. Furthermore, the UK government provides numerous benefits such as “Child Allowances”, “Family Allowances”, “Heating and Housing Benefits”, etc. Child allowances can encourage young adults to have more children to improve economic growth and the problem of the elderly by giving birth to the firstborn. £20.3 per week and if parents have more than one child they will donate £13.40 per week per child to support the child's daily life. This is now the UK government stabilizing the economy by providing a lot of support to help local and foreign people apply for many different types of