Why we are where we are! • The deficit has risen as a number of complex factors come together. • There was a rapid increase in spending in the last few years of the labour government • This followed many years of when Gordon Brown was the Chancellor of the Exchequer and he advocated fiscal prudence‚ being very careful with the balance of spending and taxation. • Later on there was an acceleration in the growth of public spending • One example would be state education • Between 2005 and 2010
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THE UK RETAIL SECTOR Retailing is one of the major economic sectors of United Kingdom‚ with retail sales of £221 billion‚ employing around 3 million people and operating over 300‚000 shops. Within the sector there is a scale polarisation at both the business and the store level. The leading retailers are huge‚ multinational businesses which dominate the sector. They operate a range of stores from major hypermarkets and supercentres through to small convenience stores. Retailing is also significant
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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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controversy about restoring the capital punishment between the people and the government. Capital Punishment as we see‚ was a measure of penalty for real serious offences‚ and in the UK was began to consider more kind of crimes. Many diver numbers of the crimes that will be consider punishing with the death penalty in the UK have a rough increase in the years around 1660 from about 50‚ by the year of 1750 was around 160. Finally‚ at 1815 was the century where the highest number took place with a 288 crimes
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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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TAQ. 9 Why should we care about child poverty in the UK? Poverty means people are unable to live their lives to the minimum standard of the society in which they live. Inadequate income is the overall deciding factor of poverty when basic material needs cannot be met and people are excluded from taking part in their society because of this situation. Third world countries are the stereotypical places that people associate with poverty yet according to The Department for Work and Pensions (DWP‚ 2012)
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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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