Government Policy

HideShow resource information
View mindmap
  • Government Policy
    • policies
      • fiscal (taxation + govt. spending)
      • monetary (interest rates, money supply, QE)
      • supply side
    • government intervention
      • interventionist
        • British Steel Corporation - nationalised 1967, privatised 1988
        • British Aerospace - nationalised 1977, privatised 1981
      • laissez faire
        • MG Rover - collapsed 2005
        • Imperial Tobacco - closed UK operations 2014
        • Cadbury - Kraft takeover 2011
    • facts/figures
      • manufacturing output 4-5% below what it was in 2008
      • UK govt. non-interventionist to a large extent
    • external factors
      • eurozone economy
      • competition from emerging markets
      • energy policy in US (fracking)
      • exchange rates
    • horizontal policies
      • business regulation
      • taxation policy
      • incentives to innovate
      • policies to support skills + training
      • increasing access to finance for businesses
    • sectoral policies
      • subsidies to support production of low carbon technology
      • seed funding for high technology clusters
      • support for R+D in particular industries
      • £7bn energy tax reduction in 2014 for high energy manufacturing
      • patent box
    • what manufacturers want  (EEF)
      • lower energy costs
        • CELSA Steel
      • simple + lower taxes
      • better supply of skilled workers
        • Engineering the Future
        • Britain's business secretary Vince Cable
      • more support to invest in technology
      • better transport + communications infrastructure
    • industrial policy
      • boosting development of key sectors
        • aeropace
        • automotive
        • life sciences
        • nuclear
        • offshore wind
        • oil + gas
      • supporting development of key technologies
        • big data
        • satellites
        • robotics + autonomous systems
        • regenerative biology
        • synthetic biology
        • agri-science
        • advanced materials
        • energy storage
      • developing skills of employees in key sectors
    • catapult centres
      • cell therapy
      • high value manufacturing
        • £200m+ investment since 2011
        • aim to double manufacturing's contribution to GDP (22%)
      • offshore renewable energy
      • satellite technology
      • energy systems
      • precision medicine
      • NCC centre - GKN - lighter, fewer parts, 20% cheaper to manufacture (winglets)

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all UK Manufacturing: Government Policy resources »