Economy of UK

Question 1

What are the six ways we are moving towards a post industrial economy?

Answer 1

IT
service industry
finance
research
science parks
business parks

Question 2

What is a post industrial economy?

Answer 2

where manufacturing industry declines to be replaced by growth in the service sector and corresponding development of a quaternary sector

Question 3

explain how IT is helping to move to a post industrial economy?

Answer 3

• enables people to work from home
• some businesses are directly involved in IT, manufacturing hardware and developing software
• over 1.3 million work in IT sector
• Uk is one of worlds leading digital economies attracting interantional work

Question 4

What are the benefits of IT?

Answer 4

• data can be stored and accessed quickly
• can communicate instantly
• develops at rapid pace
• can access internet with phones or tablets

Question 5

How is service industries helping move to a post industrial economy?

Answer 5

Produce services rather then products

- contributes to 79% of UK economic output

Question 6

How is finance industries helping move to a post industrial economy?

Answer 6

Includes banking, insurance.

• UK is world leading centre for financial services.
• finance sector accounts for 10% of UK GDP
• employs over 2 million people

Question 7

How is research helping to move to a port industrial economy?

Answer 7

• employs over 60000 highly qualified people
• contribute over 3 Billion to UK economy
• done in universities or private companies.
• most liekly to be UK economy’s main growth in future

Question 8

What is a science park?

Answer 8

a group of specific and technical knowledge based businesses located on a single site
- 75000 people work in UK science parks

Question 9

What is a business park?

Answer 9

area of land occupied by a cluster of businesses

Question 10

why are business parks located on the edge of towns?

Answer 10

• land is cheaper
• more land available so may be able to extend
• businesses can benefit from working together
• access is better for workers

Question 11

Give an example of a science park?

Answer 11

University of Southhampton science park

Question 12

Describe University of south hampton science park?

Answer 12

- 100 small science and innovation businesses
Has companies such as:
- Fibrecore
- Photonstar 
- Symetrica

Question 13

What are the benefits of University of southhampton science park?

Answer 13

• link to university providing facilities and talent
• source of graduate employees
• attractive location, with extensive green areas and woodlands
• meeting rooms, coffee shop, high speed broadband, nursery and health club available
• good transport links

Question 14

Explain a business park in the UK?

Answer 14

COBALT BUSINESS PARK - UK largest

• support facilites of retail outlets
• recreation - fitness centre, cycleways and green spaces
• close to A1 rode and 20 min from international airport
• businesses qualify for government assistance

Question 15

What are the four transport developments in the UK?

Answer 15

• road
• rail
• ports
• airports

Question 16

Explain road developments in the UK?

Answer 16

• in 2014 government announced 15 billion ‘road investment strategy, plans included:
• 100 new road schemes by 2020
• 1300 new lane miles on motorway
• extra lanes added to motorways “smart motorways”

Question 17

What is the southwest super highway?

Answer 17

Q303 is main route to south-west but can heavily congested due to dual and single carriageways

2 billion road widening project will create jobs and a full dual carriageway and road to plymouth and beyonf

Question 18

Explain railway improvements?

Answer 18

• electrification of Trans-Pennine Express Railway between manchester and York saving 15 minutes
• Electrification of midland mainline by 2023
• HS2 -50 billion plan for high speed train to connect major UK cities for completion in 2033
• 14.8 billion plan for railway between heathrow and reading

Question 19

Explain the development of ports?

Answer 19

• UK port is largest in Europe
• 32 million passengers travel through Uk port per year
• employ over 120000 people
• private ports inclue: Belfast, Bristol and Felixstowe and Harwich

Question 20

Explain a port expansion?

Answer 20

Liverpool2

• new container terminal is being constructed
• cost 300 million
• will end up with capacity of 1.5 mill containers a year
• create thousands of jobs
• boost north west economy
  reduce freight traffic on roads

Question 21

Explain airport developments?

Answer 21

• 3.6 % of Uk GDP
• employs over 300000 people
• more then 750000 international flights depart from UK annually
• over 420000 domestic flights

Question 22

Explain an airport expansion method?

Answer 22

• new runway at heathrow, 18.6 billion
• increasing length of existing runway, 13.5 billion
• many people dislike as noice pollution but government to give financial support for soundproofing schools and homes and ban on night time flights