the economic situation in uk
The UK government spends over 400 pounds a year and takes about the same amount in taxes. More than one-third of this goes to welfare benefits, like pensions, unemployment benefits and other forms of financial assistance. The rest is spent on health, education, transport, law and order, and more. Governments also provide money in the form of grants, subsidies and tax breaks (paying less tax than you should) to encourage businesses. New businesses starting out or those providing employment in a more financially drained area may be able to benefit from such help.
The latest edition of the UK Economic Outlook, prepared in Mar 2015, painted a positive outlook - continued UK recovery in 2015 and 2016. This is in spite of the continued volatility in the global economy. Growth has been propelled by high job creation, underpinned by robust private consumption and investment. If this is sustainable, there will be rising confidence, and a broadening recovery is expected to feed through to business investment and the labour market.