blog writing #fiscal and monetary measures in uk and germany

During the COVID-19 pandemic, the UK and Germany responded in different ways to, with differing fiscal and monetary policies to contain the impacts of the worldwide disaster. The UK quickly implemented fiscal policies, such as grants and the furlough scheme, in addition to the Bank of England's tight monetary policies. On the other hand, Germany placed a strong emphasis on fiscal assistance through large stimulus plans, and the European Central Bank increased monetary support. A closer look at the effects reveals subtle differences: Germany placed more of an emphasis on long-term fiscal support in order to achieve sustained recovery, while the UK's quick action offered immediate relief. The implementation of policies is hampered by changing health crises, unstable economic conditions, and other factors. In response to the containment and mitigation of the COVID-19 pandemic, the UK government moved quickly to implement a number of policies designed to lessen the immediate effects on households and businesses.