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The Changing UK Economy (A post- industrial economy (Development of info…

- - - - The decline in the manufacturing sector & the growth in the tertiary & quaternary employment
      - It has occurred because:
        
        Machines & tech have replaced people
        
        other countries e.g. China can produce cheaper goods because labour there is less expensive
        
        lack of investment, labour costs & outdated machinery made UK products too expensive
    - - The growth & spread of ideas around the world
        
        can involve the movement or spread of: cultures, people, money, goods & info
      - It has been made possible because of the developments of transport, communications & internet
      - Has been particularly responsible for the explosion of the quaternary period sector in the UK, with many people now working on global brands and products. It has also boosted world trade and enabled more products to be imported to the UK
    - - 1945- 1979
        
        UK government created state run industries e.g. British Rail, National Cola Board etc.
        
        Money was spent on "propping up" declining UK industries
        
        Ageing equipment, outdated working practices & too many employees made them unprofitable
        
        The 1970s was a decade of strikes, social unrest, factory closures & power cuts
      - 1979- 2010
        
        State- run industries were sold off to private shareholders to create a more competitive business environment (privatisation- many older industries closed down)
        
        May new private companies brought innovation & change (derelict centres/ buildings were transformed)
      - 2010 onwards
        
        Aim was to rebalance the eco nomy
        
        Was to be down my rebuilding the UK's manufacturing sector
        
        Government policies include: improved transport, more investment in manufacturing, easier access to loans, encouraging global firms to locate within the UK.
- - - - British Antarctic Survey
        
        Employs over 500 highly- qualified people based in Cambridge, Antartica & the Arctic
        
        Linked with Cambridge Uni
        
        Involves use of ships, aircraft & research stations
        -Researches polar regions, helping us understand our Earth and human impacts
        
        Currently: Arctic sea- ice, impact of ocean acidification on ecosystems, and space weather research
- - - - Manufacturing plants can look very dull and uninteresting
        
        Industrial processes can cause air and water pollution, as well as degrading the soil
        
        The waste products from manufacturing are often taking to landfill, and when in the ground they can pollute/ harm the air, water & soil
- - - - Promote new businesses and create 50 000 new jobs by 2023
        
        improve transport with £20m investment
        
        extend super fast broadband across 97% of a region
        
        create 6000 high- skilled jobs in Enterprise Zones at Samelsbury & Warton
    - - The aim is to encourage new businesses & jobs
        
        The government supports by=
        
        providing a business rate discount
        
        ensuring the provision of super fast broadband
        
        creating simpler planning regulations
    - - LEPs are voluntary partnerships between local authorities & businesses
        
        aim is to identify business needs and encourage companies to invest in order to boost the local economy