The government seeks to make sure that there are no sudden general rises in prices. They do this through the Monetary Policy Committee (MPC) of the Bank of England which sets interest rates. Interest rates are put up if there is a danger of people borrowing and spending too much, thus pushing prices up. Raising interest rates makes it more expensive for businesses to borrow money. It also makes it more expensive for consumers to borrow money. They then have to spend less, which helps to force down the prices. The European Union is considered as the largest market in the entire world and this reflects that all the concerned of EU can freely conduct business and trade practices throughout other member states. Hence, this can augment the business scope of Walmart supermarket due to significant assistance by IKs membership in the UK. Thus, Walmart supermarket can acquire benefits like reduced or abolished selling tax and freedom from other restrictive fiscal measures. As a result, the retail entity will be able to generate higher profits and it can also operate more freely without facing intervention from government norms and regulations. Another important aspect of EU membership is that it helps the companies from other areas of the world to oblige the regulations and policies of respective European nations. EU policies have also developed a liberalization of policies and hence many products which were prohibited from being traded can now be freely traded across different EU nations. Thus, on the basis of this discussion, it can be stated that Walmart supermarket have to oblige different policies and norms for adequate business operations.
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