Government Policy
Teacher recommended
?- Created by: Karris Baker
- Created on: 13-06-15 11:45
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
- interventionist
- 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
- lower energy costs
- 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
- boosting development of 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)
- policies
Comments
No comments have yet been made