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ANNUAL REPORT ON DEVELOPMENT OF THE UNITED KINGDOM (2014-2015)

Subtitle:

By:Wang Zhanpeng

Publisher:Social Sciences Academic Press

ISBN:978-7-5097-8151-7

Publication Date:2015-10-01

Language:Chinese

Paper book:US $38.00
Ebook:US $38.00
Paper Book& Ebook:US $57.00
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About the author(s):

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Since 2014, the momentum of strong economic recovery has been maintained in the UK. In the aftermath of the international financial crises and the longest recession since World War II, some positive developments have emerged in British politics, economy and society in 2014 and 2015. Following the UK general election 2015, a Conservative government was formed after the Conservative-Liberal Coalition was in power for five years, which has created some favorable conditions for the UK to cope with various challenges from home and abroad.

In politics, the Conservative-Liberal Democrat Coalition completed its five-year term smoothly, and the 2015 general election did not result in hung parliament and coalition government as some critics predicted. The strong economic growth in the past two years played an important part in the Conservative Party’s victory in the election, which put the Party in an advantageous position in the competition among British political parties. The Labour Party is in predicament due to the divide between the left-right wings inside the Party and the worst defeat in Scotland during the election. The SNP and UKIP remain influential on certain specific issues in British politics.

The UK economy has recovered from the recession caused by the 2008 international financial crisis. Nevertheless, it is still faced with such problems as heavy debt burden, and rising deflation risk. There has been a long-standing debate over whether excessive dependence upon finance services industry can help the UK achieve sustainable economic development. It is generally recognized that the country should also make effort to develop advanced manufacturing while making full use of its comparative advantage of the financial industry. The progress in its offshore Renminbi business and other financial cooperation with China has been one of its recent efforts to strengthen its position in global financial market. Another strategy of developing the UK economy is to reduce the North-South divide, so Britain intends to invest more on infrastructure projects and change the situation of overdependence upon Greater London region. The debate over High Speed 2 (HS2) and its prospect has been a focus of economic development in British society in 2014 and 2015.

In the British society in 2014 and 2015, changes of the general public attitudes may be found towards the major issues concerning immigration policy and race relations. Generally speaking, the British are more rational towards these issues. Tradition and innovation are constant themes in the British culture industry which is one of the most important sources of British soft power. The British film industry enjoys overall healthy development and the British film talents remain creative. The British government has continued to attach importance to public funding and tax cuts to support films, and strengthened overseas promotion. The latest reform in press regulation is a complex issue as it has to achieve a balance between press freedom and public interest.

British foreign policy has been characterized by the “inward-looking” feature in the latter half of the Coalition, which caused many critics to argue that Britain is giving up its ambition as a world power and heading for isolationism. Constrained by the domestic political and economic situations during this period, the British government is more reluctant to intervene in world affairs. However, what remains unchanged is Britain’s intention to maintain its global influence by using its hard power or soft power effectively depending on the specific conditions. Selective engagement or intervention will be the normal approach for British foreign policy. This is reflected in Britain’s policies in British-EU relations, Anglo-American relations, and its relations with emerging markets. In this period, British defense policy has entered the stage of accelerating military reform and adjusting strategic plan.

In 2014 and 2015,Sino-British relations have developed very fast with new breakthroughs. 2014 marks the 10th anniversary of the establishment of China-UK Comprehensive Strategic Partnership. The Chinese government has positively responded to UK’s willingness of creating a “golden age” for China-UK relations. The bilateral relations have made great progress after the two countries have overcome some barriers.

Both new trends and new challenges from home and abroad have emerged in the development of British politics, economy and society. The key issue concerning the future development of the UK is whether the UK’s mainstream political parties can propose feasible governance policies, put the concept of “One Nation” into practice, and keep balance between sustainable economic growth and social solidarity. In the foreseeable future, wisdom is needed for the British political elites and general public to address the challenges in the global influence of the United Kingdom, proposed referendum on its EU membership and a new constitutional settlement in devolution.