Changing Economic World: UK Flashcards

1
Q

What are 3 causes of economic change in the UK?

A

Deindustrialisation, government policy, globalisation

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2
Q

what is globalisation?

A

where a business starts operating on an international scale

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3
Q

what is an example of gov policy that changed the UK’s economy?

A

Mag thatcher closing mines 1970’s

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4
Q

what are industries in a post-industrial economy?

A

finance, services, science

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5
Q

what do post industrial industries locate near?

A

motorways and universities

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6
Q

what is a growth corridor?

A

an area of the country where the economy is growing, often along a transport route

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7
Q

what universities is the M4 corridor located along?

A

Oxford, Bath

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8
Q

what are two examples of environmental damage from industry?

A

-transport of materials releases CO2
-waste products enter ecosystems

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9
Q

what is our example of more sustainable industrial development?

A

Torr quarry, Somerset

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10
Q

how many people are employed at Torr quarry?

A

100

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11
Q

how much money is made for the local economy from Torr quarry?

A

£15 million

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12
Q

what is a sustainable practice at Torr quarry?

A

planting more trees creating habitats and taking in CO2

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13
Q

what is an example of an area of population growth?

A

South Cambridge

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14
Q

what is an example of an area of population decline?

A

Outer Hebrides

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15
Q

how many homes are being built in Cambridge?

A

1,700

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16
Q

how many companies are offering jobs in Cambridge?

A

4,500

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17
Q

what makes Cambridge an attractive area?

A

picturesque, lots of green space, skilled job opportunities

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18
Q

How many homes are there in the Outer Hebrides?

A

a few hundred

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19
Q

what is the population of the Outer Hebrides?

A

26,000

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20
Q

what is weather and broadband like in the Outer Hebrides?

A

bad weather and no broadband

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21
Q

the population of the Outer Hebrides has declined by …… since 1901

A

50%

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22
Q

what is a healthcare impact of population growth in Cambridge?

A

a strain on healthcare and education

23
Q

what are house prices like now in Cambrdge?

24
Q

what percentage of people living in South Cambridgeshire own cars?

25
the outer hebrides have a...
high dependency ratio, so a top heavy population pyramid
26
how much did the government announce to spend in 2014 on a road investment scheme?
£15 billion
27
what did the £15 billion investment scheme entail?
extra lanes on motorways, smart motorways, 100 new road schemes, 1300 new lane miles added to motorways
28
what are two examples of railway improvements?
HS2 and Crossrail
29
how much is HS2 worth?
$50 billion
30
why is HS2 controversial?
loss of countryside and it is close to homes
31
Crossrail is the...
biggest civil construction project in Europe
32
what opportunities will Crossrail bring?
cut passenger journey times, encourage regeneration, employment opportunities
33
how many people do the UK's seaports employ?
120,000
33
how many people pass through the UK's seaports?
32 million passengers
33
the UK port industry is...
the largest in Europe
34
how many people do the UK's airports employ?
300,000
35
what was proposed in Gatwick and Heathrow airport?
adding a third runway
36
how many people does Heathrow airport employ?
76,000
37
what is the north-south divide?
the social, economic and cultural disparities between London and the south east of England, and the rest of the UK
38
why is there a north- south divide?
northern england was populated with coalmines, but they have been shut down so unemployment rose
39
what has the government encouraged to solve the north-south divide?
TNC investment in the North
40
how has the government encouraged TNC investment in the North?
they have reduced taxes for investors
41
what is an example of TNC investment in the North?
Mitsubishi in the North
42
what transport investment can improve the North South divide?
HS2 to link the two and allow access to jobs in the north
43
what is an enterprise zone (overcoming north south divide)
a government incentive such as discounted rates or superfast broadband to encourage new businesses to setup in deprived areas
44
how will enterprise zones improve the north south divide?
jobs are created when businesses start up, so taxes are paid, which will benefit the economy -->positive multiplier effect
45
what is a local enterprise partnership (LEP)? - north south divide
voluntary partnerships between local authorities and businesses to encourage investment
46
what is the Lancashire LEP focusing development on? - north south divide
aerospace and technical engineering
47
how many skilled jobs is the Lancashire LEP aiming to create by 2023?
50,000
48
what is the tv industry worth in the UK?-cultural importance)
1.25 billion
49
who are the UK's main trade partners?
countries within the EU, the US and China
50
which airports give links from the UK- transport links?
Gatwick and Heathrow
51
what is the Arctic Fibre project?-electronic communications
150,000km of cables linking London and Tokyo
52
after leaving the EU, how much did the government use to support farmers?
£18 million