economic realignment Flashcards
Long-term economic trends were already affecting ?
Britain’s old industries
old labour intensive industries facing challenges from?
foreign competition and from technological innovation
Britain’s economy was moving away from being based on?
manufacturing + heavy industry
economy changed from manufacturing + heavy industry to becoming based on?
services
Thatcher gov embraced this shift
who faced painful adjustments ?
those in areas that had known nothing else but coal mines, shipyards and steelworks
what was crumbling?
foundations of wc + communities they lived in
economic realignment acted in
sharpening the north-south divide
in may 1986, what percentage of the North were unemployed?
19.1%
in may 1986, what percentage of Northern Ireland were unemployed?
21.7%
in may 1986, what percentage of the West Midlands were unemployed?
15.5%
economic realignment can also be seen in the urban decay of many inner city areas e.g
increased problems of ill health and depression+ alcoholism and drugs
this realignment also led to?
investment and regeneration in some of these areas
Micheal Heseltine who continued to argue for greater government intervention, did what?
directed redevelopment projects in the dockland areas of both London and Liverpool
in London, the Canary Wharf developments of West India docks became?
2nd most important financial district in the country after the city of london
such developments acted as?
a symbol of shift to the service industries
