Economic choices

What are some economic choices the UK has to take and the opportunity cost affected by those choices?

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One quite topical example of an economic choice the UK has to make is to prepare for Brexit. The opportunity cost of this is diverting economic resources away from investment or funding public services. Another one others could think about: Increasing spending on public services (as advocated by the new PM) either by increasing borrowing which will result in increased debt and therefore in the long term economic resources wont be available to future generations or by raising taxes which will result in loss of income for individuals and/or corporations thereby decreasing consumption and investmentHope this helps. 
Adnan R.
13 October 2019
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