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)
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
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)
4
Q
NORTH/SOUTH DIVIDE: AUTOMOBILES
A
- Automobile sector = manufacturing
- 1.5 mil vehicles produced annually
- Plants owned by foreign TNCs (Nissan, Toyota, BMW)
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
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