SEE: Regeneration: 4A.7C
- Created by: MaggieNaylor
- Created on: 12-03-22 20:25
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- 4A.7C: UK government decisions have impact on the potential for growth and both direct/indirect investment
- International migration
- The economic argument for migration is increased GDP
- Migrants pay taxes
- Fill skills shortages
- Both low and high skilled
- Tend to be younger so balance the population
- Student migration can lead to them staying in the country + paying tax
- Between 1997-2010 there were pro-immigration policies by Labour administrations
- 2010 onwards saw the Torys introduce a restrictive policy, only allowing migrants that are 'beneficial' to the UK
- Changing attitude can be seen in the 2016 Brexit referendum
- We are not part of the Schengen area
- Elite migration e.g. Russian oligarchs buying 82% of London property in 2015
- The economic argument for migration is increased GDP
- Deregulation of capital markets
- 1986 Tory government begin the 'Big Bang' policy, the deregulation of financial markets
- This was to encourage more investment as London was becoming uncompetitive
- Ending regulation encouraged European and US banks to open in London
- This led to banking services creating 30% of UK's GDP by 2008, double of 1986
- However, 2008 financial crash was partly due to the failure to regulate banks
- 1986 Tory government begin the 'Big Bang' policy, the deregulation of financial markets
- International migration
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