MPC notes Monetary policy in the UK is controlled by the bank of England. In 1997 the Monetary Policy Committee was set up‚ with the sole task of setting interest rates in order to meet the government’s target rate of CPI inflation of 2% +/- 1%. The MPC is made up of 9 members‚ including the governor of the Bank of England‚ two deputy governors and a number of expert economists who bring knowledge and information from different areas and markets in the UK. The MPC meet monthly to set the base interest
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Polish Migration to the UK Polish migration to the UK began in the year 2004‚ when Poland joined the EU. People were moving from Poland to the UK in search of jobs and better pay‚ because there was shortage of work in Poland and the pay was not good‚ some people only being paid £4 a day whereas in the UK people were getting £400 a day. They were doing jobs that British people did not want to do such as plumbing‚ cleaning‚ building and driving‚ Polish people were generally very hard workers and
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When compared to other countries in the World‚ the UK is undoubtedly democratic because of the parliament which is a representative institution. This is a definitive guarantee that the voices of the people are heard throughout the government as the people’s wishes are properly represented. Due to public outcry‚ David Cameron’s proposal for military action to Syria was shut down in the houses of Commons. This illustrates the significance and power of parliament as it has direct control over all legislation
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How Democratic is the UK? (25) Democracy can be understood as a process of people governing their state and managing community affairs all together‚ based on consensus. The origins of democracy lie in Ancient Greece. The very term was constructed from two Greek words ‘demos’‚ which means ‘people’‚ and ‘cratos’‚ which means ‘power’. The UK is in many ways not democratic. Firstly‚ Britain‚ amongst many other countries‚ claims to be a democracy. This would suggest that UK citizens‚ have effective
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large problem in the UK. According to BBC News (2003)‚ binge drinking is costing the NHS around £1.7 billion a year. In addition‚ 17 million working days are lost each year due to hangovers and the government is spending billions clearing up crime and damage caused by anti-social behaviour due to drinking (BBC News‚ 2003). The UK government is considering increasing alcohol
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Unit 4 Ecosystems Background Introduction The abundance of a species and species diversity affect how natural resources are processed within an ecosystem. This pattern of processing contributes to functional and compositional characteristics of an ecosystem. But many ecosystems around the world are currently experiencing significant changes in species composition‚ abundance‚ and diversity due to the influence of human activity. These changes have‚ more often than not‚ led to a reduction in species
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Economics Question: In the light of the change that have occurred in the structure of the UK economy in the recent years‚ discuss better is it still correct to describe UK economy as a mixed economy. Generally‚ the British economy is also known as the Anglo-Saxon economy and is the second largest economy in Europe after Germany. It is also the fifth largest economy in the world in terms of market exchange rates. In the early history‚ the country’s most dominated sector is the agriculture
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firm’s activities and resources to the environment in which it operates. This essay will analyse the micro and macro external environment in the part five years (2000 to 2006) of IBM Company by using PESTEL and five forces model to analyse in the first part. The second part will discuss about the advantages and disadvantages of the two possible alternative strategies for IBM. Part 1: Analysis of Micro and Macro External Environment 1.1 PESTEL Analysis The external factors can be divided into
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work better and contribute towards improved efficiency in individual markets and enhanced competitiveness of UK businesses within the European Union single market. Competition policy aims to ensure Wider consumer choice Technological innovation which promotes dynamic efficiency Effective price competition between suppliers There are four key pillars of competition policy in the UK and in the European Union Antitrust & cartels: This involves the elimination of agreements that seek to restrict
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HNC Business Management Economic Environment Module Leader: Dan O’Hare Essay By: Nichola D. Robinson (21042952) Deadline Date Tuesday 13th November 2012 A. Using economic concepts from the module; identify the key factors from the economic environment that affect an organisation of your choice. B. Evaluate the effect of these factors on the organisation. You should identify a range of relevant factors‚ and concisely ascertain the impact
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