Economic development in the UK

  • Created by: 03Louise
  • Created on: 11-04-18 18:46
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  • Economic development in the UK
    • Changing
      • De-industrialisation
      • Globalisation
        • Manufacturing occurs mainly overseas where labour costs are lower
      • Government policies
        • New infrastructure, technology and support for businesses
        • Membership in government groups
      • Service industry is growing
        • Important industries
          • Services (hairdressers)
          • IT
            • Over 60,000 people
          • Finance
            • Home to many global financial institutions, some with headquarters
          • Research
            • Research and development is increasing in the UK
      • Science and business parks
        • Outskirts of cities near good transport links
        • Close to housing (workforce)
        • Near universities so that they have access to research to develop technology
        • Number has grown
          • Large and growing demand for high-tech products
            • Research and development is increasing in the UK
          • Large number of research universities to form links with
          • Clusters of related businesses can boost each other
      • Some evidence of a North/South divide in the UK
        • Post-industrial economy has mostly benefited the South
        • Wages are generally lower in the North
          • 40% lower in Huddersfield then London
        • Life expectancy is lower in the North
          • Glasgow- 72.6 years East Dorset- 82.9 years
        • GCSE results are generally better in the South
      • Rural areas
        • Population is decreasing in Cumbria
          • Fewer jobs available
          • Decreasing services available increasing unemployment
        • Population is increasing in Somerset
          • Quieter twons/villages with good access to  central Bristol
          • Rising house prices and large demand for services
        • Government is trying to resolve differences
          • Some evidence of a North/South divide in the UK
            • Post-industrial economy has mostly benefited the South
            • Wages are generally lower in the North
              • 40% lower in Huddersfield then London
            • Life expectancy is lower in the North
              • Glasgow- 72.6 years East Dorset- 82.9 years
            • GCSE results are generally better in the South
          • Individual governments for Wales, Scotland, Northern Ireland and some local councils in England
            • Able to choose where to spend money
          • Enterprise zones
            • Reduced taxes
            • Simpler planning rules
            • Financial benefits
            • Improved infrarstructure
              • Ensures superfast broadband is available
            • Aim to attract businesses/ companies to decrease unemployment
          • The Northern powerhouse
            • Plan to improve transport links, and attract investment
    • Transport
      • UK transport network
        • Roads
        • Railways
          • Crossrail will increase central London's rail capacity by 10% in 2018
          • Proposed line to link major English cities
        • Airport
          • New runway needed in the South East
        • Port
          • New port operating at the mouth of the River Thames
            • Able to handle the largest container ships
      • Links to other countries
        • Trade
          • Specifically with the US, Europe and Asia
        • Culture
          • Creative industries mean that UK culture is spread worldwide
            • Shaun the Sheep TV series is shown in 170 countries
        • Transport
          • UK to France railway
          • Heathrow
        • Electronic communication
          • Trans-Atlantic cables linking (carrying phone lines and internet connections) Europe to USA are routed via UK
        • EU
          • Access to large market
        • The Commonwealth
          • 53 independent states part of an association aiming to improve wellbeing of everyone in it

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