P2 SECTION B: THE CHANGING ECONOMIC WORLD- NORTH/SOUTH DIVIDE Flashcards

1
Q

NORTH/SOUTH DIVIDE: HS2

A
  • Scheduled to connect 8 out of 10 largest cities + £92 billion to UK economy

-> Reduces travel time- improving business links to North suffering

  • Provides 30 000 jobs (70% outside London: reduces divide)
  • Change in original goal: only runs between Brum and London (impacts north- growing divide)
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2
Q

NORTH/SOUTH DIVIDE: LIVERPOOL 2

A
  • New port providing 5000 jobs
    -> Boosts regional economy - support in region affected massively by job loss
  • Reduces need to travel on roads
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3
Q

NORTH/SOUTH: CROSSRAIL

A
  • Train route connection WE in London
  • Increase number who commute into London
  • Provide economic benefit for boroughs (may increase divide)
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4
Q

NORTH/SOUTH DIVIDE: AUTOMOBILES

A
  • Automobile sector = manufacturing
  • 1.5 mil vehicles produced annually
  • Plants owned by foreign TNCs (Nissan, Toyota, BMW)
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5
Q

NORTH/SOUTH DIVIDE: NISSAN

A
  • Nissan employs 7000 in Sunderland plant (NE)
  • Additional 4000 employed in city (woulnd’t happen without Nissan)
  • £2bn plan: build 3 electric car models at Sunderland factory
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6
Q

NORTH/SOUTH DIVIDE: LOCAL ENTERPRISE PARTNERSHIPS

A

Greater Birmingham Local Enterprise Partnership:
-> One of 38 LEPs
-> Identify business needs- promote investment

  • One of the largest partnerships
  • Population: 2 million, 840 000 jobs
  • Birmingham Enterprise Zone within
  • 50 000 new jobs, 5000 homes, 1.5 million sq. meters (attracts investment)
  • Reduced taxes
  • Simpler planning rules
  • Financial benefits
  • Improve infrastructure
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