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US authorities investing in economy

The Federal Reserve has today confirmed that more funding will be made available to try and improve the prospects for the US economy in the short to medium term. This comes at a time and many people had hoped that both the US and worldwide economies would have been in a position of stability and confidence would begin to grow amongst consumers and businesses. However, the very opposite would appear to be the case at the moment!

This has had a knock on effect on the UK stock market which is down today amid investor concerns that the much sought after global economic recovery is under threat. We also hear in the press today that the European Union is looking to use the financial instability of Europe as a whole to introduce a whole raft of EU taxes which would hit countries such as the UK. However, there are high hopes that the coalition government, with the Conservative party strongly against EU taxes, will be able to fight off the immediate threat.

At this moment in time governments around the world are looking to withdraw funding from their local economies, such as UK budget cuts, at a time when the economy, business and consumers need as much help as possible.

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